Ah, secret techniques--I understand
everybody has a different system. My
own is very primitive--Yahoo charts
is about it. Although recently I found
a website called stockcharts.com which
is pretty slick.
I am constantly torn between the feeling
that charting/technical analysis is all
bunk, versus the idea that lots of people
are trading off of it--and so it becomes
self fufulling prophesy, and so does work.
I have often been disappointed when a stock
seems to bottom out, and then it sinks again.
ARIA is my biggest disappointment, toxic
convertible keeps punishing me over and over
again*. But I keep up with it, the only way
to get good is keep learning. In time, I may
even put my 401k into stocks, but not quite
yet! As you may already know, I am essentially
playing with house money from last years wildly
easy market, the only way to play. I have perhaps
become a bit too enthralled with biotech, but
everything else is just so boring to me.
But lots of folks getting rich trading borning
inflated crap, there is no doubt of that!
Thanks again Ed, sorry MAGN did not run today,
I'll keep fighting for my sector--someday...
____
In fact, last Tuesday there was an interesting
volume spike in ARIA, something like 125,000 shares
in one batch. The stock had moved up from 1.5 to
1.8 that day, and I almost brought aria over
to this thread as an idea again.
Well I would not be surprised if that was
yet another batch of the covertible shares, it
never seems to end. I am starting to wonder if
that one will have to wait til next fall before
it can breakout--but I cannot be sure when all
the bullsh*t convertible nonsense will be completed,
so I have to maintain a position for fear of missing
a run (I don't watch the charts everyday ;-). |
