Bought CTIC yesterday at $1.52, placed stop at $1.41 (6 cents
below the 8 EMA). Was stopped out about 20 minutes ago at the
bottom; stock then rebounded a few cents.
Should I have used lateral support (looks like that is $1.39) or
would the price have dipped down to that level to take me out
before settling a few cents higher?? Seems like the powers
that be take me out on these trades right at the day's low, then
rally. Or should I be happy I'm out since the stock is
showing weakness?
Thoughts on how to improve my game? Pattern still seems
valid to me but nonetheless, one has to draw the line in the sand
somewhere.
Perhaps its a simple matter of me being cold because its
freezing here in Vermont! Below zero most of the day today
and yesterday.
Richie - CTIC is a very speculative play and thus good to adhere
to your stop. I dumped the pig for a small loss when it couldn't
follow through yesterday. It lost the 9 EMA today and has an open
gap below. These things move on news so anything goes but I only
play them small and don't like holding them unless they are
performing. I can always re-purchase if price action warrants.
Title: CTIC and the right
Posted by RichieD on 24th of Jan 2013 at 03:59 pm
Bought CTIC yesterday at $1.52, placed stop at $1.41 (6 cents below the 8 EMA). Was stopped out about 20 minutes ago at the bottom; stock then rebounded a few cents.
Should I have used lateral support (looks like that is $1.39) or would the price have dipped down to that level to take me out before settling a few cents higher?? Seems like the powers that be take me out on these trades right at the day's low, then rally. Or should I be happy I'm out since the stock is showing weakness?
Thoughts on how to improve my game? Pattern still seems valid to me but nonetheless, one has to draw the line in the sand somewhere.
Perhaps its a simple matter of me being cold because its freezing here in Vermont! Below zero most of the day today and yesterday.
Richie - CTIC is a
Posted by steve on 24th of Jan 2013 at 04:10 pm
Richie - CTIC is a very speculative play and thus good to adhere to your stop. I dumped the pig for a small loss when it couldn't follow through yesterday. It lost the 9 EMA today and has an open gap below. These things move on news so anything goes but I only play them small and don't like holding them unless they are performing. I can always re-purchase if price action warrants.
i dumped mine when the right shoulder formed
Posted by roger on 24th of Jan 2013 at 04:12 pm