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re: Weekly Stock Market Plays/Thoughts - Monday, March 6 2017

Posted on 3/10/17 at 1:24 pm to
Posted by bayoubengals88
LA
Member since Sep 2007
19226 posts
Posted on 3/10/17 at 1:24 pm to
quote:

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.
Yeah, it's got to come back to earth at some point, but damn it's been a fun week.

quote:

The RSI is now high and I don't think the price is sustainable
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?

But then again, I'm not terribly worried because this isn't a swing trade for me, otherwise I'd have long been out.
Posted by bayoubengals88
LA
Member since Sep 2007
19226 posts
Posted on 3/10/17 at 3:24 pm to
That was possibly the best week of my adult life, folks.

The only thing better was soaking in the Tetons last July and getting my first real job (maybe).

I probably enjoy this stuff more than I should, but this board got me started in 2013
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 3/11/17 at 9:36 am to
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?


Yeah, it also shows the stock is overbought. The momentum is still in favor of the bulls, though. We'll see how it goes next week.

I'm no expert and just on the sidelines watching, but any traders buying at the current price are at a high risk of being upside-down in their position. If I was in AUPH before the news, I would have definitely sold by now.
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