Wow, you bought it at the exact same price as I did. Except I bought it earlier because of my impatience. I put an alert at 42.9 which is almost exactly where it hit the 20 MA the first time, but I wasn't fast enough to buy some before it rebounded, that would've been a nicer entry.
Smooth move, Stewie! How'd your RIMM position turn out? I was wondering, what did you use to spot this play? I heard you say you do a LOT of visual scanning. Do you use scanning software, too?
cliff: I did not take the RIMM trade. i just called it out on WallStreak. just wanted to show how it was getting toppy short short term and how i use RSI/MACD divergances to spot a tiring trend. no software. just visiually scan stocks all day. best way to do. old school bro.
Wow, you bought it at the exact same price as I did. Except I bought it earlier because of my impatience. I put an alert at 42.9 which is almost exactly where it hit the 20 MA the first time, but I wasn't fast enough to buy some before it rebounded, that would've been a nicer entry.
ReplyDeletegreat trade SIA! those ascending lows/ sector strength/ and HG were all too good to pass up. made $1800 on that puppy.
ReplyDeleteSmooth move, Stewie! How'd your RIMM position turn out?
ReplyDeleteI was wondering, what did you use to spot this play? I heard you say you do a LOT of visual scanning. Do you use scanning software, too?
cliff:
ReplyDeleteI did not take the RIMM trade. i just called it out on WallStreak. just wanted to show how it was getting toppy short short term and how i use RSI/MACD divergances to spot a tiring trend. no software. just visiually scan stocks all day. best way to do. old school bro.