Hey Moneymaker -- instead of bringing that questio
Post# of 75011
Posted On: 03/04/2016 10:09:48 AM
Hey Moneymaker -- instead of bringing that question here referring to your uncle in post - just google your dang question before ya bring that BS here
AKA google momentum trade and you would of found this
Introduction To Momentum Trading
http://www.investopedia.com/articles/trading/02/090302.asp
Momentum Trading
Momentum traders look for stocks moving significantly in one direction on high volume and try to jump on board to ride the momentum train to a desired profit. For example, Netflix (Nasdaq:NFLX) surged over 260% to $330 from January to October in 2013, which was way above its valuation. Its P/E ratio was above 400, while its competitors' were below 20. The price went up so high primarily because many momentum traders were trying to profit from the uptrend, which drove the price even higher. Even Reed Hasting, CEO of Netflix, admitted that Netflix is a momentum stock during a conference call in October 2013.
AKA google momentum trade and you would of found this
Introduction To Momentum Trading
http://www.investopedia.com/articles/trading/02/090302.asp
Momentum Trading
Momentum traders look for stocks moving significantly in one direction on high volume and try to jump on board to ride the momentum train to a desired profit. For example, Netflix (Nasdaq:NFLX) surged over 260% to $330 from January to October in 2013, which was way above its valuation. Its P/E ratio was above 400, while its competitors' were below 20. The price went up so high primarily because many momentum traders were trying to profit from the uptrend, which drove the price even higher. Even Reed Hasting, CEO of Netflix, admitted that Netflix is a momentum stock during a conference call in October 2013.
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