| tzink7 |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Monday, March 14, 2005 |
| Tuesday, July 30, 2013 12:54:56 PM |
20
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Rather than having two investors, why not open a second account at another brokerage?
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I am not all that experienced a trader (less than 2 years actively) but I know enough to get by and make some respectable returns in up markets. Recently, in my daily research, I came across the stock HBHC.
HBHC is a somewhat thinly traded stock (average volume of 159,000 according to Google Finance), but what I am wondering about is the huge volume spike on Friday with very little price movement. It seems to me that something is going on over there. Why would a stock trade with such high volume without breaking out to the upside (or downside)?
Would I be right in assuming that there is probably going to be a large price movement sometime in the next little while, with the large volume foreshadowing that move? The indicators like TSV and Moneystream look okay on it, and BOP looks like there is some accumulation going on. Or am I seeing something that is not there? I went to Yahoo Finance and the headline for June 23 (a week before the move) said they were to announce earnings on July 18. Maybe somebody wants to get in and knows something we do not?
Just wondering if anybody has any thoughts.
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I went ahead and made a watchlist of 15 stocks last week, made up of high-flying stocks that I thought were crashing. All of them are down since then, I think I could have made money off of it.
I'm testing my theory about catching the bullet train down on these high-flyers. Maybe I'll figure out a way to time these things properly, or at the very least, catch really obvious down moves.
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I have a question for people who have any experience with trading against the trend (known as fading?). Specifically, this is about shorting stocks that have gone up really high, really fast and are experiencing very harsh corrections.
In the past few days, stocks like TIE, ERS, RES,PCU, GLG, GG, etc (ie, stocks that have been on a tear during the past month or two) have dropped a lot. ERS, for example, has corrected over 50% in less than 10 trading days. I have read that it is dangerous to catch a falling knife, in other words, it is difficult to buy a stock that has dropped very quickly on hopes to catch it on a rebound. My question is this: is the reverse true? Is it possible to short stocks (and properly time it) that have moved up quickly to short them on their inevitable correction downwards?
I have read that trading against the trend is one of the most difficult types of trading there is. My question is does anybody have any experience doing this successfully, and is it possible to time these correctly and catch quick down movements?
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I actually bought a call option on Apple yesterday, March 28. The way I was seeing things, there was a positive TSV (18) divergence on the daily chart, plus it was nearing its 200-day moving average. I figured that the odds of it moving up and bouncing off that moving average were pretty good, and it seems to have worked so far.
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I also found CIB on the same day and bought 50 shares (don't have a lot of capital to play with right now, but I wanted to get in on the position).
Oddly enough, I agree completely with you conclusion about a potential price target around 32-33, since that's where a lot of the other movements went to before correcting. I actually came to the same conclusion before I read this post.
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I, too, was amazed at yesterday's reversal (on Oct 19). Before committing myself to a new rally I told myself "I'll believe it when I see it. I've been faked out before."
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Ah, never mind. I fixed it.
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On one of my chart templates, the chart is plotted like it is "squished." Typically, whenever a chart is plotted, it is plotted with the price spread between the top and bottom of the screen being the highest and lowest prices in the range that currently fits on the screen.
However, I think I accidentally hit a toggle button, because now my chart plots with the highs and lows of the all-time high and all-time low of the stock's data. Basically, this means that if I plot Microsoft, it appears almost like a straight line because its latest trading range that fits on screen is comparatively tight when pitted against its all-time high and lows.
Is there any way to fix this?
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I have recently returned to using TC2005 after a 2-year absence. One of the features that I seem to recall was the ability to view a text version of the fundamental data. I believe that I could use a keystroke to view things like EPS, capitalization, Volume, etc, all on 1 screen and that screen was in the same viewscreen as the chart (ie, a keystroke could alternate between the two views).
Is this feature still available, or is there another way to view all of the fundamental data line-by-line?
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