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Registered User
Joined: 1/28/2005
Posts: 1
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I bought AIRT back in November 2005 at $10.50. I've never had a stock go up 29% in one day. What do I do now?
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Registered User
Joined: 3/27/2005
Posts: 4
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Putt4doe - Nice up - don't miss that putt
For me the first order of business, now that you have a gain, would be "don't lose money" set a stoploss, preferably mental around $11 and let it ride.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I'd set a trailing stop loss of about 75 cents. If I got stopped out, I wouldn't care.
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Registered User
Joined: 5/17/2005
Posts: 221
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In my opinion 75 cents is to tight a stop for this stock if you are trading on the dialy charts , but great for day trading it. Those of you who have seen my postings know I love to trade these volatile stocks. I would let this stock roam a little ...and place a trailing stop of about 10%
My take on this one .. .good earnings annoucement = rocket to the moon. However it has now filled the gap of mid Decemeber and there is strong resistance at 13.85. I think with the momentum and system players coming into the stock on Monday (they will be getting this one flagged on their software) my feeling is that the stock will get through the resistance and may make another 5- 10% on Monday. Watch for this one to go up like a rocket in early trading and then fizzle out.
good luck on this one
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Registered User
Joined: 12/2/2004
Posts: 1,775
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PUTT, nice trade, congrats. If I were in your shoes I would have sold at Friday's close one half the position, then a loose trailing stop for remainder, say a bit below 12.50, which is below two support areas...200ma and nov/dec highs. On Monday morning I would at the least place a very tight sell stop for one half. Or maybe two stops .25 apart, 1/4 size position each.
malcolmb, I see no mid December gap, or any Dec. gap for that matter. What day/date in Dec. are you looking at? I do see the obvious early August gap, and yesterday (Friday) it was filled, which in itself may now possibly act short term at least as a new resistance level.
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Registered User
Joined: 5/17/2005
Posts: 221
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fp .. losing my mind !! what with trading stocks , just starting to trade Forex ,working 10 hours per day and renovating a house...lol Yes the gap was August.
Interestingly all the action in this stock took place in the last hour of trading and each hour the volume was approximately equal. This stock gained 2.5% in the last 15 minutes of trading , with 1.6 million shares traded. With a volume and price spike like this at market close it indicates a strong market market open the next trading day.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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QUOTE (malcolmb14) In my opinion 75 cents is to tight a stop for this stock if you are trading on the dialy charts , but great for day trading it. Those of you who have seen my postings know I love to trade these volatile stocks. I would let this stock roam a little ...and place a trailing stop of about 10%
My take on this one .. .good earnings annoucement = rocket to the moon. good luck on this one
There is a lot of truth to buy the rumor, and SELL THE NEWS!!!!!!!
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