Sometimes having to many stocks can be distracting for new traders, as even I post stuff to watch and get side tracked. I was browsing through my scans and ran across HDY from my 12-17-2012 scans. alot of times i don't so much go for the penny penny stocks being anything below $1.00, but if it is close sometimes i post them, especially i been trying here and there for those of you who like smaller priced stocks, although if you are new i would highly suggest a little higher priced stock as they tend to be more reliable of stocks in more cases than not. "Just speaking from my experience"
Back to my point. The point I am making is read my post from 12-17 scans I believe, or just click here - http://stockhaven.com/stock-forum/stock-watchlists-group6/danos-stockwatch-forum15/12-17-12-monday-scans-thread81/. Stock was at .63 i said this stock had a nice bottom around the .60 range. needless to say i was looking for it to hold support within the .53 to .60 range. which it did it went no lower than .56. I believe on the 18th or 19th I had mentioned in chat that .59 - .60 was a good buy there IMO, sure enough today the 21st the stock bounced off of .56 and went for a run just shy of my .72 target. Still a nice 14% gain for most. with a longer term target of .86.
This is also another example of keeping a 10% stop loss at all times. even if you got in at .60 and your stop was .54 you still would have caught the run.
Just me ranting but i thought it was a good time to. do so. especially what i listen to going on in the chat room. Learn all you can, and re - learn everything you think you already know. It will save you money in the long run.
Mingle Forum by cartpauj
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