Neke, here is a list of stocks that are currently in strong, secure uptrends. The trend is your friend until the end? CBST WBMD CEPH MYL INTU BIIB IACI TEVA UAUA
lol. an airline stock. a health website? are you nuts? AAPL dump every dime you have long into apple and sit back and watch it split 4:1 and break earnings wide open next quarter because of the ipad. jesus, does it have to be so fucking complicated making money trading? it's so damn obvious. and y'all miss it every time.
Pick your time frame and then buy AAPL when it moves 1 tick above its last resistance level; sell AAPL when it moves one tick below its last support level. Profitable traders don't care if a stock is overvalued, or if the balance sheet sucks, or if the company's a cash cow, or if a stock with very little growth potential has been making 52-week highs for half the year. All we care about is where price goes and when price breaks through previous support or resistance, we know who's in control and we join them! I'll bet a lot of traders sold UAUA short between 2/15 and 2/26 around 16.00 a share because it was a crappy airline close to 52-week highs and obviously failing to attract enough buyers to make a new high. The traders who bought that crappy airline stock at 16.00 enjoyed a nearly 28% gain in less than a month once it broke out. (That would be the equivalent of AAPL hitting 280.00 in a month from here.)
Basically what I meant was the stocks I listed were in defined uptrends over a period of time. Throw some mental stops on them and maybe some bollinger bands and there you go, trading with the trend 101. The reason why I chose this particular group though, was because of the momentum they all had. Maybe ride the wave a little further and get a piece of it before it sputters out... or more... or less. Who knows.
Thank you very much. Have you looked at CTEL yet or DRWI? DRWI broke trend but management is doing a buyback which should give it a spike. $9.50-$9.80 may prove to be a decent entry. CTEL got a Cramer spike as he had their CFO on Thursday. CTEL is a Chinese growth stock traded on the NASDAQ that offers a dividend. On Thursday the CFO said the dividend could double...
Exactly, who knows... You've identified trending stocks, just buying them doesn't mean you'll make any money. The entry is among the least important things in trading profitably. You throw out some symbols, unless you are also tossing in a clearly explained trading plan it's kind of pointless.