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re: Weekly Stock Market Plays/Thoughts - Monday, March 6 2017
Posted on 3/10/17 at 8:15 am to bayoubengals88
Posted on 3/10/17 at 8:15 am to bayoubengals88
quote:
I'm head over heels, but what am I gonna do with just $3k in profit? I've got goals.
What's the logical argument against this being the next huge pharma?
I know I sound irrational to many. I understand that. but my justification is that this is not my Roth, and I'm comfortably up being in at $4.00 flat (after averaging up).
I've never exuded enough patience in the past, and I'm not going to make that mistake again. I'm trying to stay with it until 2019 or buyout.
I was just saying because it's good advice and your comment struck me as emotionally biased.
It's great that you are invested long-term, but just don't get upset when the stock falls because it will, eventually. The company is still in its R&D phase and not profitable. It's trading all on hype and potential right now.
The stock's news was great and triggered a short squeeze; I think the covering is over. The RSI is now high and I don't think the price is sustainable, but this is all just my opinion. Good luck to you.
2
Posted on 3/10/17 at 8:26 am to JimMorrison
My next play is $AMRS. I rode this one from .40 to 1.05 last October. Really solid company--for a sub $1 stock. Price is low due to a lot of floating shares so not as volatile. Q4 earnings: revenues up 126% YOY from 2015.
.45-.50 is the floor so it's a good entry here and I'm looking to ride this again to $1. Longer term hold - probably 1 to 2 months.
.45-.50 is the floor so it's a good entry here and I'm looking to ride this again to $1. Longer term hold - probably 1 to 2 months.
Posted on 3/10/17 at 1:24 pm to JimMorrison
quote:Yeah, it's got to come back to earth at some point, but damn it's been a fun week.
It's great that you are invested long-term, but just don't get upset when the stock falls because it will, eventually. The company is still in its R&D phase and not profitable. It's trading all on hype and potential right now.
quote:My chart guy tells me that the Bollinger band is moving with the RSI so nothing to worry about yet...money still flowing in. Any opinions on this?
The RSI is now high and I don't think the price is sustainable
But then again, I'm not terribly worried because this isn't a swing trade for me, otherwise I'd have long been out.
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