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Originally Posted by Head
Alright Met! Good post. Should we watch these pics for a couple days and will you post other pics and follow up on the previous ones? I just don't want to jump in just yet. I'm looking at the graph on 'yahoo finance' now.
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Thanks Head. Yes, don't feel like you have to jump in immediatly or lose out. My philosophy in the market is that there will always be another trade! Ask a good poker player about why he wins more than he loses, he will tell you there will always be another hand, same thing with the market.
I will be posting picks mostly on a daily basis in this thread, some days I may not if there are no good stocks, I don't want to rush anything, you have to let it come to you.
Now, as far as the picks so far...DROOY, I posted a buy for that at $1.43, it's up 5% from that at $1.51. As I said earlier, $1.43 is the bottom on this stock. DROOY is more of of a long term pick, but the great thing about it is it will only go up from here, so it is not too late to buy it.
IN is one of the best charts I have ever seen. It is not too late to buy that, you still have a few more days before it moves. This is a stock that will move huge, but most likely it will be on news. If you look at the chart, what it is doing right now is called a flagging pattern, but this is the longest flag I have ever seen, which is VERY BULLISH. This is my favorite medium term stock, so don't rush into it. I posted that at $2.01, it is still the same price, it's holding it nicely, this stock is not going below that, so the key here is to simply buy it before it makes its move,m because it will keep staying at this price untill it makes its move.
VASO, my average is now $1.15 which is what the price is now, but I am not sure about this stock right now, I need a couple more days worth of chart to be able to tell, but I would NOT be buying here. If you have it, hold it, but if you don't have it, I would not be buying here, too risky.
TKER, I was going to sell, but I have not as it is consolidating now. TKER is consolidating here, the thing with this stock is if it breaks down, it will go down ALOT, 20-30% in 1 day!! So its very risky, I'm gonna watch it for a couple more days and see how it does, but if it keeps consolidating here, it will go higher.