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Author Topic: ERS bottom? $14.50
Hannibull
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http://stockcharts.com/h-sc/ui?s=ERS

I'm not so good with T/A yet, but does the chart suggest a bottom for this stock? Low RSI (though RSI trend still down), bollinger bands are tightening (accumulation/break out soon?), and MACD might cross over (reversal?). If I'm wrong on something please tell me, I've always played news plays and such (momentum plays) and I'm sick of pennies now so I'm going to play T/A plays for now, though I'm still learning all of this (books and everything, you know how it goes [Wink] )

I played this one a couple months back, VERY volatile stock if you like a good daytrade (it swings $3 a day sometimes).
I bought at $15.60 and sold at +$21 (and after I sold it went to $65 of course haha)

thoughts?

thanks
Hannibull

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Hannibull
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bought some at $14.21
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Birkoff
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The chart looks interesting but I think it'll go down even more.

Look at this chart

http://stockcharts.com/h-sc/ui?s=ERS&p=D&yr=3&mn=0&dy=0&id=p92144586432

Oh..and I'm too tried of playing pennies

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Hannibull
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yeah I think you're right, I got out at 14.31* for a (very) small gain, I'll buy back another time

(edit: 14.31*, typo)

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Hannibull
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Birkoff,
On the chart you posted, what would be an indicator of the stock going back up? (btw good thing I sold at 14.31, now 13.40 :-O)

(Perhaps this thread should be moved to the General Investing Topics board)

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Hannibull
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reversing here? thoughts?
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Hannibull
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not a lot of interest so it seems
+5% yesterday's close, now +10% so far on good volume

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Hannibull
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almost $15 [Smile] (coming from $12.30 yesterday), and still no interest! oh well, I'm making money [Razz]
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Hannibull
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HOD 15.38, excellent [Smile] +15% for the day

anyway i'll stop posting before people think I'm trying to pump this lol. I want to see where it's at in a few weeks

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Hannibull
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from $15.38, to just under $12, now back to $15.12 in 2 weeks, maaaaan this stock is volatile!!!!!
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Hannibull
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$18 [Cool]
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