Market Curiosity: Exploring Markets And Systems

February 6, 2011

VRTU, buy on a stop, lots of insiders and low float. (update 2, May 15) +14%

Filed under: +06 to +25%, Long Stock — Tags: — Jeff Fitzmyers @ 9:06 am

Buy stop stop limit at around 17.55. Lower stop as days progress. (On a thinly traded stock need to have a limit. In fact I use a stop limit most of the time.)
Stop loss around 15.90. (If entered in the market, it is always just a stop because I want out.)

+ Price tested 34 ema and bounced off with good volume.
– Price under the up trendline, so might if not very strong could correct some more.
+ EMA’s all moving up.
– Monthly CCI heading down.
– Weekly CCI heading down, but it’s been under the monthly long enough to have corrected.
– Daily CCI a bit high, but since price had a small reversal yesterday it can continue down for a few days.
– Weekly RSI > 70, but can stay that way for a while.
+ 38% insiders
+ Float of just 16 million shares.

Feb 7: Long at 17.55.

May 15: No more paper trades. I was deluding myself that I was not solely focused on silver in April. Paying attention to illusions does not produce gains in anything but experience-the-hard-way. It just so happened this one turned out profitable, but it’s the exception. Out at Fridays low, +14%

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