Who said anyone is stupid here? And what are you a
Post# of 2559
Posted On: 03/03/2016 12:15:53 PM
Re: INSTATRADER #2197
Who said anyone is stupid here? And what are you arguing about? I explained exactly what I believed might happen and what has occurred. If you didn't read my last post, go review it. The fact of the matter is that the stock rose from .016s to .04s, over 150%, by the time the RSI hit 70. Since getting into the nose bleed zone it appreciated another 20%-30%. So tell me where my statement is wrong. The RSI over 70 is NOT a 'power zone' as so many attempt to call it. The real 'power zone' occurs weeks before a stock enters the overbought territory of the RSI.
I still own some RXMD, but I also took a few off the table in the .04s to add more IORG in the .50s a couple of weeks back. If RXMD moves higher, fantastic. If the overbought territory sees a pullback/correction, even better. If the stock trends sideways, great. In the meantime, my idea of moving some funds into another project has seen it move from m.50/.52 to .85 in just a couple of weeks.
Everyone has their own way to trade. I personally don't every load up when a stock is in the Nose Bleed Zone of the RSI. I like buying and accumulating before it gets there and slows.
So far, I am spot on with what the chart and technicals are saying.
I still own some RXMD, but I also took a few off the table in the .04s to add more IORG in the .50s a couple of weeks back. If RXMD moves higher, fantastic. If the overbought territory sees a pullback/correction, even better. If the stock trends sideways, great. In the meantime, my idea of moving some funds into another project has seen it move from m.50/.52 to .85 in just a couple of weeks.
Everyone has their own way to trade. I personally don't every load up when a stock is in the Nose Bleed Zone of the RSI. I like buying and accumulating before it gets there and slows.
So far, I am spot on with what the chart and technicals are saying.
(0)
(0)Scroll down for more posts ▼