Posted by frtaylor on 20th of Sep 2010 at 12:04 pm
Matt, Steve, others:
How do you view b/o's that retreat intraday? We are seeing this
right now w/ BRKR and GEOY. Is this a redflag to be
cautious of them (if you didn't already buy) or is it simply a good
opportunity to get in on an intraday low?
yeah especially when the market is extended and we have a FED
meeting tomorrow, I think now is the time to play the trend, but to
be pickier and choosier about longs, i.e. filter them out with
volume, only take the ones taking the best volume, and
use the baseball analogy i.e. don't try to swing for the
fences home runs, instead try to hit singles only and take your
profits.
Breakouts that retreat intraday?
Posted by frtaylor on 20th of Sep 2010 at 12:04 pm
Matt, Steve, others:
How do you view b/o's that retreat intraday? We are seeing this right now w/ BRKR and GEOY. Is this a redflag to be cautious of them (if you didn't already buy) or is it simply a good opportunity to get in on an intraday low?
yeah especially when the market
Posted by matt on 20th of Sep 2010 at 12:08 pm
yeah especially when the market is extended and we have a FED meeting tomorrow, I think now is the time to play the trend, but to be pickier and choosier about longs, i.e. filter them out with volume, only take the ones taking the best volume, and use the baseball analogy i.e. don't try to swing for the fences home runs, instead try to hit singles only and take your profits.
frtaylor - I typically avoid
Posted by steve on 20th of Sep 2010 at 12:07 pm
frtaylor - I typically avoid low volume breakouts as they have a higher propensity to fail.