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Registered User
Joined: 11/28/2005
Posts: 1
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Hey everyone,
I was able to catch a huge profit on GNTA over the last couple weeks (sold yesterday, didn't want to get too greedy or push my luck!) I've been doing some scans and found THS, which is in someways similar to GNTA as far as the technicals go right before it's jump. THS does not seem to have nearly the volume of sales that GNTA does at the moment but they are growing. I'm fairly new to trading, but have had some good experiences so far. Any advise/ideas/comments?
Matt
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Registered User
Joined: 10/7/2004
Posts: 2,126
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Why did you stop something that was going well in your way? What made you think that you are going to be pushing your luck any less with THS? Remember you have to let your winners run. If you are a longer term investor, a trailing stop would have probably squeeze every buck, while providing you with some safety.
good luck
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Registered User
Joined: 3/21/2005
Posts: 2
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There doesn't seem to be too much similiar when comparing THS to GNTA from a technical standpoint. You're right; GNTA has greater volume. It is also a lower priced stock, hence has more speculative investors. That said, GNTA also shows more promise from a strictly TA. TSV, MS, and BOP as well as volume, all look good. THS has moved above its 50 day MA, and TSV is moving up. It might be one to watch, but probably too early to jump on it.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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GNTA has a great pattern, but I don't think there is any question there will be a pullback. If you have owned the stock for a couple of weeks then you doubled your money. I don't blame you at all for selling. I would have done the same thing and I would be smiling regardless of what the stock does from this point forward. This stock was moving almost straight up. You will have other opportunities to re-purchase this stock if you choose to do so. Good Job!!!
As far as THS is concerned, even though it broke to the upside out of it's trading range, it is still in an overall downtrend. A pretty steep one at that. It wouldn't fit my trading style, but that's not to say it's a bad buy.
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Registered User
Joined: 10/7/2004
Posts: 166
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mkout;
Taking profits is always a good thing. I'd have used a trailing stop on gnta. Can't argue with a 2-fer though.
Re: ths
Too new for my style. At least gnta went back to mid 90's so has a history. I'd pass.
Happy Charting
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Registered User
Joined: 12/1/2004
Posts: 2
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I seem to be very unlucky with stops. For some reason I usually hit the low of the day and the stock goes up or the closing price of that day is way above the price my stop got triggered. So I am usually working with mental stops. With a volatile stock like GNTA it is probably better to sell it close to the high of the day
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Registered User
Joined: 5/17/2005
Posts: 221
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pantha .. I have been in and out of GNTA for a while now ... nothing wrong with taking profit. Looking at the chart for the last couple of days it looks like you sold out at the right time. It is probably going to pull back and fill the gap before taking off . It is testing the weekly resistance of 3.20 (formed about a year ago). If this stock can get through this level on good volume (heavy) this would be a good break out play and may even go back up to it's previous level of $15. If you look at the weekly chart the stock has formed almost a perfect rounded bottom over the last year. My CCI indicator (custom ) is very divergent to stochastic on the hourly chart indicating a reversal. / pull back for a day or so. Look to buy in again around 3 (there is strong support at this level on the 15 minute chart. My stop would be tight on this one at 2.8 in case there is a strong reversal
It may retrace to 612.8 fib retracement at around 2.62 is it does pull back down through the 2.8 level.
Just my thoughts on this one and how I would play it.
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Registered User
Joined: 12/31/2004
Posts: 382
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my comments on THS.I like too see ms going up more but my other chart like tsv looks very good..The thing I do not like is not too much history too look at.I will put it on my watch list.
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