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Registered User
Joined: 10/7/2004
Posts: 1,178
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I just completed my Swing Strategy, and have two stocks that triggered buys (going long)Thursday, March 23rd both before the end of the day.
Because of volume, I would only be interested in CBIO. If bought at the EOD on Friday, it would have returned 201.54 percent as of 10:09 AM PST today.
Have a good day examining CBIO that could have been bought at $5.20 at Friday's Close and as of now is $15.94.
Its' High today was $18.88.
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Registered User
Joined: 10/7/2004
Posts: 1,178
|
Excuse a couple mistakes in my previous post.
I just completed my Swing Strategy, and have two stocks that triggered buys (going long) Thursday, March 23rd both before the end of the day.
Because of volume, I would only be interested in CBIO. If bought at the EOD on Thursday, it would have returned 201.54 percent as of 10:09 AM PST today.
Have a good day examining CBIO that could have been bought at $5.20 at Thursday or Friday's Close and as of now is $15.94.
Its' High today was $18.88.
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Registered User
Joined: 10/7/2004
Posts: 86
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Traderlady, what was your strategy to identify these stock candidates may I ask?
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Registered User
Joined: 10/7/2004
Posts: 1,178
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Most of my Easy Scans include several more criteria, but I believe I found this one with just three criteria:
AvgV126.1
% Change Since Open > 0,
Price>5.00
As columns, I use both Ask Size and Bid Size as well as using the maximum amount I will risk on any one day trade divided by Close.
CBIO was trading in the $5.00 range in previous days and opened on March 28th at $5.15.
In the case of CBIO, although the percent gain was amazing, the Bid Size turned out to be too low for me to take a significant position -- and thus to make a significant dollar profit on this trade.
I hope this helps a bit.
traderlady
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Registered User
Joined: 10/7/2004
Posts: 86
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Thank you very much appreciate the explaination
rctrade
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