eSology

HOW TO TELL IF THAT STOCK IS TOO DANGED HIGH TO STAY IN and/or SO YOU WANT TO BE AN "INVESTOR


Apologies for my harshness, but I am known for saying what I feel, although my barbs are usually aimed at those who would hurt others !

but what I meant, and always stand by, is that it’s best to take your profit where it comes, and not let your head and hopes allow you to slip over to the downside of the stocks movement --- thus losing what you had to begin with ! If you’re not yet good at technical indicators, then never hold a rising stock past the third day, and give yourself a percentage profit value that you will exit the stock at. In the same way, give yourself a "STOP LIMIT", at which point you will exit the stock if it goes against you --- better to lose a small amount of money, than to hold a "one time mover" stock for years waiting for it to come back to where you bought it !

With XSNX, you are now entering a dangerous time, because this stock has a history of going down, BUT showing a nice green day on the third day of its sell off (which would be today!)

If you haven’t, you must read Toni Turners world class book, "a beginners guide to day trading online" While not specific to pennies, her insight and method of teaching how to trade online MUST be listened to and LEARNED!


below is a 3 month chart that illustrates some of what i've been talking about --- notice the white arrows pointing to where the stock "pops" for a day, before continuing its downslide. although it points out the past, there are certain indicators I use that suggest the stock may just engage in one of these "ops"



On this 3 year chart, the arrows point to the high 3 years ago and that XSNX is presently approaching that same point. Obvious points to watch are for a "breakout" above the 3 year high, which would show tremendous strength for an "investment" type trade! The long term indicators below the chart show you two things ---- the Fisher is about to go into negative, which suggests the sell off will continue (we wait for verification on this, as the indicator can only tell you what has happened, not what is in the future !)

the lower indicator, the TRIX, is even more delicious, as it is showing us an investment opportunity that started back in late July and has continued to the present time, ALTHOUGH the Trix is awfully dang high, and showing (along with the Fisher heading into negative territory) that this stock may just have reached the end of its great run ! (but must be confirmed by plain old watching for a while !)



trade well and enjoy

mp

"the man whose only tool is a hammer sees every problem as a nail"