Posted by frtaylor on 29th of Nov 2010 at 11:08 am
Hi all, this is your resident neophyte here. I kept moving my
stop up on RBY and stopped out at 5.80. But it seems like this kind
of news is going to keep this stock climbing over the next
week/month, no? I think I should have kept a partial position. If
you have thoughts about how to re-enter, whether to re-enter, I
could really use your perspective. Thanks.
Nothing goes Parobolic for ever, don't chase these but wait for
pull backs, I like to use Fiboncci levels and swing highs or lows
to predict where to trade, so if you look at a
60 min.
then $5.40 or $5.10should be good support. If you look at a
daily there is a
swing
high at $5.27that will act as support. nothing is perfect
but there are three levels you should watch.
RBY - your input sought
Posted by frtaylor on 29th of Nov 2010 at 11:08 am
Hi all, this is your resident neophyte here. I kept moving my stop up on RBY and stopped out at 5.80. But it seems like this kind of news is going to keep this stock climbing over the next week/month, no? I think I should have kept a partial position. If you have thoughts about how to re-enter, whether to re-enter, I could really use your perspective. Thanks.
Nothing goes Parobolic for ever,
Posted by ditch on 29th of Nov 2010 at 12:25 pm
Nothing goes Parobolic for ever, don't chase these but wait for pull backs, I like to use Fiboncci levels and swing highs or lows to predict where to trade, so if you look at a 60 min. then $5.40 or $5.10should be good support. If you look at a daily there is a swing high at $5.27that will act as support. nothing is perfect but there are three levels you should watch.
rby
Posted by fixdgear on 29th of Nov 2010 at 01:50 pm
ill be buying options again if the stock hits the $5 area myself..
much appreciated, ditch.
Posted by frtaylor on 29th of Nov 2010 at 12:50 pm
much appreciated, ditch.