Posted On: 02/09/2014 4:05:50 PM
Post# of 2561
PIR Daily Chart ~ Quite Possibly Bottomed Out Now
PIR has been a good stock for swing traders. Those that chose to exit when the stock was outside the upper bollie along with the FullSto and MACDs beginning to go negative, made yet another brilliant decision which kept them on the sidelines, with money, while the stock collapsed. Simply waiting for the chart to reset before entering makes swing trading very easy. Although you'll rarely catch the exact bottoms or lows, snagging the 60-80% in between should be good enough for consistent, profitable gains on the Big Boards. PIR is a well run company, but the buy and hold strategy of years ago just doesn't work as well as using a stock's volatility and the charts to your advantage. GLTA
PIR has been a good stock for swing traders. Those that chose to exit when the stock was outside the upper bollie along with the FullSto and MACDs beginning to go negative, made yet another brilliant decision which kept them on the sidelines, with money, while the stock collapsed. Simply waiting for the chart to reset before entering makes swing trading very easy. Although you'll rarely catch the exact bottoms or lows, snagging the 60-80% in between should be good enough for consistent, profitable gains on the Big Boards. PIR is a well run company, but the buy and hold strategy of years ago just doesn't work as well as using a stock's volatility and the charts to your advantage. GLTA
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