posted
SYNA......This is the type of stock I have been looking for in terms of PATTERN TRADING. If you go back to a 3 year chart. Every APRIL and SEPTEMBER it moved up. Every JANUARY it moved down. These types of stocks are no brainers to play and predict. So, current price....I'd say buy because of the 3-2 split. Sell mid September.
If anyone has stocks that follow a Pattern like this one. Please post so we can compile a list for all of us to play from time to time.
ONT is one of them also.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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That's called seasonality. There have been many studies on the apparent phenomenon, but as far as what I've read, none have worked out in the long run. As the seasonality in a given stock is exploited, the patterns disappear.
Not saying it won't work out for you this time, just saying that odds are it will come back to bite you eventually.
Good luck though!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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A guy I met in San Diego told me Bed bath and Beyond was always the same pattern. Honestly I have never looked it up. I will now for the hell of it.
Posts: 492 | From: new york | Registered: Jul 2005
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quote:Originally posted by jgrecoconstr: Guess he was wrong I see no pattern there in a three year chart.
He wasn't wrong.
BBBY....the only thing is see is April-May it has gone up past 3 years. And Mid May it turns down. Not a bad find.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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You know I think I remember him saying something like that. I pulled it up on stockcharts and just looked at the support and resistance briefly and it was all over the place so I disregared the time periods. Try to remind me in april and we'll play it........... if I ever get out of SIRI by then....lol
Posts: 492 | From: new york | Registered: Jul 2005
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