When junk starts flying

Discussion in 'Trading' started by easyguru, Apr 12, 2004.

  1. When low priced stocks make these kind of explosive move, a top might be near as quality stock gets distributed and traders chase a narrow set of momentum stocks. Or the market might be headed for runaway move.
     


  2. So essentially you are saying the mkt might go up....or might go down? :confused: :D
     
  3. nkhoi

    nkhoi Moderator

    ... a top might be near [​IMG]
    ....
    Or the market might be headed for runaway move. [​IMG]

    exactly.
     
  4. My personal read is it will go down because I see very few breakouts to all time high while tons of breakouts from bottom.
     
  5. The runway move also always ends in a climax top.
     
  6. I wish I had bought MACE or IPIX last week.
     
  7. VOLUME

    VOLUME

    You could have bought MACE at 11:20 (EST) today....and sold it one hour later for a 100% gain.
     
  8. gms

    gms

    Yeh... you could've also gotten on board CDCY a few days ago to ride the trend and gotten slammed today. Hindsight's great.
     
  9. I hope you did...
     
  10. I suppose that with good money management (stops) we could make money in these high fly-stocks?
     
    #10     Apr 12, 2004