I just bought 75 shares of $ANY @2.73, and this is my rationale for doing so:
Reason 1: The news released 10 days ago is ties the company to Microsoft, specifically Windows 10. I remember plenty of examples from Tim's DVD'S that show a stock running for days at a time after being linked to comapnies like Alibaba, Tesla, Walmart, etc.
Reason 2: The stock had just cracked through multi-month resistance, buying a technical breakout
Reason 3: The stock was holding right at HOD on a Friday. Most shorts do not want to hold over the weekend or into Monday morning, especially if articles come out about their technology.
Reason 4: The stock has ran for multiple days in a row in the past. There is not ONE example in the 100 day chart that shows otherwise.
Reason 5: People are going to notice this percentage gainer over the weekend and buy in on Monday, especially if a few articles or more news develops.
Please comment on my thought process. My strengths and weaknesses, anything relevant really. I am not looking for this to run another 30, 40, 50% on Monday. I am just looking for a quick 10-15% gain like I should be.
Thanks everyone!
Yeah I like your reasoning and the stock fits a lot of the criteria that Tim preaches. The news to me doesn't seem to be great but I like the month long b/o and hold above it. Best of luck to you.
Buying the technical breakout coupled with link to MSFT sell it for me.
@Retire_early2020 No it's not my first trade (I think it's like my 12th), I just deleted all of my trades because seeing a low winning percentage and negative profit was starting to become discouraging to me. I'd rather learn, move on, and when I become profitable then post my trades to rverse the effect and gain confidence
@longstoryshort Thank you hopefully it all works out
Join now or log in to leave a comment