Matt: In your opinion, is this morning's move in ROIAK, a
genuine move up or nothing more than a reflection of
breakpointtrade members trying to pile in on a low priced stock
BEFORE it hits the breakpoint?? Seems to me this phenomenon
is occuring more frequently these days...then the stock sells off
midday for super quick profit taking. I know you're good with
technical selections...but your timing seems too good sometimes, if
you know what I mean...especially on stocks priced at under
$2.00.
LOL I'm sure BPT doesn't have that much power yet. It
moved simply because it was a good basing pattern and was ready.
I mean, on a really think stock I assume it's possible once
in a while, but not with stocks with any volume and especially
larger stocks. I've been doing this a long time well before
BPT was around, TA works and the patterns we choose have a high
probability of giving a trade
I mean, on a really thin stock I assume it's possible once
in a while, but not with stocks with any volume and especially
larger stocks. I've been doing this a long time well before
BPT was around, TA works and the patterns we choose have a high
probability of giving a trade
Obviously, there's no way to say for sure (whether BPT members
are a factor in today's move). My comments were actually a
compliment to the great work you and Steve do. Could you
share what you saw in the chart last night that propelled
you to put it on the watch list? I assume it didn't hit your
radar for the first time last night, but perhaps I'm wrong.
Obviously, there's a long base...but its been that way for 6+
months. What factor(s) made it a watchlist candidate last
night? Just trying to learn as I go. Thanks.
Are breakpointtrades' members moving their own selections??
ROIAK
Posted by RichieD on 11th of Jan 2011 at 10:06 am
Matt: In your opinion, is this morning's move in ROIAK, a genuine move up or nothing more than a reflection of breakpointtrade members trying to pile in on a low priced stock BEFORE it hits the breakpoint?? Seems to me this phenomenon is occuring more frequently these days...then the stock sells off midday for super quick profit taking. I know you're good with technical selections...but your timing seems too good sometimes, if you know what I mean...especially on stocks priced at under $2.00.
RichieD -we aren't the only
Posted by steve on 11th of Jan 2011 at 10:17 am
RichieD -we aren't the only ones watching such setups (I assure you). Because they are good setups, they attract attention and thus the action.
LOL I'm sure BPT doesn't
Posted by matt on 11th of Jan 2011 at 10:14 am
LOL I'm sure BPT doesn't have that much power yet. It moved simply because it was a good basing pattern and was ready. I mean, on a really think stock I assume it's possible once in a while, but not with stocks with any volume and especially larger stocks. I've been doing this a long time well before BPT was around, TA works and the patterns we choose have a high probability of giving a trade
You sure Matt ?
Posted by jambo1 on 11th of Jan 2011 at 10:17 am
I mean, on a really
Posted by matt on 11th of Jan 2011 at 10:18 am
I mean, on a really thin stock I assume it's possible once in a while, but not with stocks with any volume and especially larger stocks. I've been doing this a long time well before BPT was around, TA works and the patterns we choose have a high probability of giving a trade
ROIAK
Posted by RichieD on 11th of Jan 2011 at 10:28 am
Obviously, there's no way to say for sure (whether BPT members are a factor in today's move). My comments were actually a compliment to the great work you and Steve do. Could you share what you saw in the chart last night that propelled you to put it on the watch list? I assume it didn't hit your radar for the first time last night, but perhaps I'm wrong. Obviously, there's a long base...but its been that way for 6+ months. What factor(s) made it a watchlist candidate last night? Just trying to learn as I go. Thanks.
ROIAK
Posted by hazbin1 on 11th of Jan 2011 at 10:16 am
playing the percentages here, took 1.4 and said 'next"