Market Curiosity: Exploring Markets And Systems

June 25, 2012

CMG – Buy on a stop -2%

Filed under: -0 to -4%, Long Stock — Tags: — Jeff Fitzmyers @ 9:49 pm

+ Doji bar today.
+ Low volume when price was down and stocks general volume wasn’t down commensurately.
+ All 3 RSI’s rising.
+ Low float of 31 million.
– PE of 57.

Better to have tight stops on momo’s. Keeping a 2% loss from being a 7% loss is similar to giving yourself 2 more tries to enter a profitable trade.

Update July 22: If this was a buy and hold trade, it would be down 30% right now.

Leave a Comment »

No comments yet.

RSS feed for comments on this post.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: