Albert, today's market action in general was not appealing....Lot of stocks are starting to break down...But I am still upbeat and will start posting short ideas, if we have to break the primary trend...
What I think will happen on THQI, is that we will now test the 13.68 area, where I see support holding, possibly make a spike at 13.00....
Then a powerful reversal....Now you have to decide..Do I sit tight and watch this gut-wrenching story unfold, do I sell, and try to rebuy....
If I didn't have a position in this stock, and could be in front of my monitor all day, I would look to buy in the 13.00-13.75 area....
Actually, I made a mistake by not taking my profits when I observed the stock losing momentum in the 15.00+ area...But I am a pattern man, and I still see this stock going to 17.00 plus before Christmas, so long as 13.00 is not violated on a close....That is the neckline of the double bottom....Regards, Mark |
