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.

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