This relates to momentum buying of uptrending stocks. What is interesting is the typical surge just before a cessation of momentum, noted in many examples of change:
like stopping in a busy street and pointing at nothing?
how many "oh yeah! i see it too"'s can you get?
Posted by Art on :
Sell at the momentum surge. But sometimes a surge up day is followed by a smaller upsurge the next day, but not usually if the first upsurge was really huge - then a pullback is near.
Posted by keithsan on :
same for downtrending especially s-8 filings. first day huge down followed by all down and last day is usually big like first day....
Posted by Kate on :
That may work for some people, but to me,it is a gamble. Why not buy reliable stocks with dividends, that continue on an upward climb like I do?
Posted by DiQuiRiesco on :
quote:Originally posted by Kate: That may work for some people, but to me,it is a gamble. Why not buy reliable stocks with dividends, that continue on an upward climb like I do?
Those of us who trade pennies are not concerned with slow upward movements. We are more tickled with our ability to catch a pump-n-dump wave and ride it untill the next arrives. Ten percent in two months can never be compared to three hundred in two days.
Posted by Art on :