Please don't mistake my enthusiasum for arrogance. It was just exciting for me to see a "no recent news" (at least what I could find) equity increase in price by nearly 10% based on elementary analysis. Trading thoughts for 1/14/09: SIFY - Sify Technologies Limited - My screener shows this one reaching as high as 1.60 tomorrow.
No biggie just real busy. This investment game is a personal thing. What you see is different from what anybody else See's. What matters most is that you make money.
Okay, so I was thinking of this as a possible position at 2.10 and it's gone as high as 2.44 since then. Not bad.
Okay..not a very good day for this one, but I'm working on a 2-4 day holding strategy. I still think this is going to 1.59. Time will tell. By the way, I am not in this one right now. I'm just looking.
DWCH - "If" I had bought into this one at the gap up on 1/9, I still would have stood a chance to set my stop loss and walk away with 5%. ICOP - "If" I had bought into this one at the gap up on 1/9, I still would have stood a chance to set my stop loss and walk away with 15%. COOL - "If" I had bought into this one at the gap up on 1/9, I could have lost as much as 10% on this one. But...as Zodiac4u mentioned, these thinly traded equities may not have produced these results because of limited availability.
I guess I wasn't clear enough in my explanation. If the the stock is thinly traded and you get frequent gap ups or gap downs in price, you have to take into consideration a possible fudge factor. it would be improbable for you to think you can control your risk under these type of trading conditions.
On the 5mn uyg is in consolidation. Since we have established that the market is in a down trend. I would rather wait for a cross-over of a moving average combo to go bulish before I enter into a weak condition. I do not try to pick bottoms unless the market I am watching has established a history of volatility. This is me! You have to define the aproach that suits you best.