| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 2/26/2005
Posts: 1
|
 I am getting killed in GRU, please offer some technical analysis on this. Is there any support? Help...
|
|
Registered User
Joined: 10/7/2004
Posts: 2,126
|
QUOTE (timcomzsux) <img src="/training/images/emoticons/smile011.gif"/>I am getting killed in GRU, please offer some technical analysis on this. Is there any support? Help...
I have not check anything on this stock, but by the way your message read you are past your stop loss limit (and if you didn't enforce it tells me you are a beginner). My advice to you is get out. Don't hope, don't look back and get rid of your fear. The only thing you can control in a stock is your loss.
Good luck if I have time I will look at this later.
|
|
Registered User
Joined: 10/7/2004
Posts: 14
|
If this opens lower on Mon. get out as fast as you can. All the daily stoc's are pointing dn. Although some of the intraday are pointing up I don't think there is much strength there. There is not much support until you get dn. to about 10.50 - 11. You may get a little around 14.50 when it hits the 50 EMA and the bottom of the LR40 channel. Sorry but it doesn't look good.
|
|
Registered User
Joined: 2/26/2005
Posts: 1
|
QUOTE (timcomzsux) <img src="/training/images/emoticons/smile011.gif"/>I am getting killed in GRU, please offer some technical analysis on this. Is there any support? Help...
The previous posts are right. A tighter stop loss should have been used. However, I have fell victim of that myself. There are a few things that you can do. If you are feeling too much pain, get out of the stock. Here are some other things to consider. The stock blew past the 20 day moving average. The stock is nearing the 40 day moving average. Many times a stock will find support at the 40 or 50 day moving average if support doesn't exist at the 20. Also, this stock screamed higher over the past month. Keep in mind that for every action there is an equal reaction. It is healthy for the stock to retrace 38% to 50% of the prior move. Right now, your stock is about at the 50% retracement. Anything below 50% would spell trouble. Your stock has moved very hard down over the past 3 days. Stocks tend to only move in one direction a max of 3-5 days before they will change direction or consolidate. If they move down more than 5 days in a row, you could have a change in trend direction. Finally, it appears that the stock moved down on a typical volume climax. You had explosive volume during the move. When the volume dried up the stock price fell. I would watch for these type of signs in the future. If it were me, I would have set an intial stop loss at $21.00 to $21.10. This is just below the support that existed on the up move. In the future, I would look for these key levels of support and resitance and set your stops below them or above them if you are shorting. Please keep in mind that stocks tend to move downward 66% faster than they climb.
Good luck. Let me know if you have any further questions.
Pat
|
|
Registered User
Joined: 12/31/2004
Posts: 382
|
depens on what price you pay for this stock.I see there was some bad news on the stock .moneystream is very bad on this stock .this stock whent up so fast and going down as fast it whent up .know one knows were this one well stop.Right now this stock does not look too good because on the bad news on it. You never know what a stock going too do.
|
|
Registered User
Joined: 10/7/2004
Posts: 2,126
|
You have all the elements necessary here for disaster. This company is not even 6 months old and only holds about 20 employees. This isn't just especulative; this may not even be there tomorrow.
Take your losses and move on. I strongly advice you to get out as quick as you can.
By the way the tech picture looks bad, but the fundamentals are even worse.
good luck
|
|
Registered User
Joined: 10/28/2004
Posts: 6
|
from 8.00 to 26.00 and a retracement of 50% is not unuaual. with the big jump in price at the close means somebody likes it, its possible that the price will continue up to a point that you can recouperate your investment. see how the market or rather stock moves in the a.m. if up
, hang in until it stops advanceing, that may be one to three days or more, but don't hesitate to bail out when you start feeling nervous!!!!!!!!!barsol
|
|
Registered User
Joined: 2/1/2005
Posts: 78
|
Checked out the stock. 2 potential things are happening - 1. the stock is a dog, or 2. the market makers are punishing you and others and are waiting on the blood in the street to run bright red, to get you to sell, so they can buy your shares.
In other words, it is going to either go up or come down further. Don't know the stock, but would have been stopped out of it by now.
On the other hand if I were a buyer, instead of a seller, and it were a stock I had studied, I would be waiting on you to put it up for sale and I would try to turn fifty cents on it and be out of it.
I don't recommend anything, and I only did a quick view of it's historicals, have no idea when or why you bought it, but if it were me and I were still holding and still had profits, I would take profit and get rid of it, and study a little while longer, before the next trade.
Every body gets burned every now and again, but stop losses can help out next time.
Good luck.
Buddha Bill
|
|
|
Guest-1 |