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Profile: chuckeasley
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User Name: chuckeasley
Groups: Gold User, Member, TeleChart
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Joined: Tuesday, July 12, 2005
Last Visit: Friday, July 11, 2008 11:05:55 AM
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Last 10 Posts
Topic: Burned!
Posted: Monday, February 6, 2006 3:45:08 PM
QUOTE (Gurus1Son)
Please comment on RHEO (Occulogix). Good MS, TSV, and BOP. Bought at about 9, gapped up and consolidated at 12, then....dropped 65% down to 4 today. OUCH! How does one avoid such wild swings in a stock that looked like it had great potential. I certainly didn't see any signs of weakness here. What happened?


In hindsight, here's what I see with my indicators:

Caution: I am not an expert!

1/13/06 Price up 45.80% this week.

1/17/06 RSI (14) entering overbought territory and price dropped 3.71%.

1/26/06 The 7 day simple moving average is beginning to flatten out.

1/27/06 Price dropped 4.66% on higher volume.
1/27/06 ADX (14) is beginning to show an end to the trend.

1/31/06 MACD (10,20,10) crossed the zero line down.
1/31/06 BOP was beginning to decline.
1/31/06 TSV (14) in a decline.

Chuck