SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Phone.com [PHCM]
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brasco One who wrote (534)9/28/1999 8:52:00 AM
From: xbrent  Read Replies (1) of 1080
 
PHCM has very strong up momentum runs and equally strong declines. In an up run it usually goes up a few points, entertains a few profit takers or bad judgment shorts, backs off a bit and then charges again. (Few stocks charge as hard as PHCM both up and down, IMO). In the decline it does the reverse. A head fake up and then selling/shorting and a decline and the cycle repeats itself all the way down. It you can get in synch with PHCM it is wildly profitable. Get out of synch and you get crushed in short order. The MM's only trade in lots of 300 or less. Try a 1,000 share buy or sell and you can get heavily penalized as they will skim off 200 and then save the remainder for when they feel like executing your order, if its a market. The best way to buy into any heavy position going long is to have a limit buy in and catch it in a pull back, assuming that your in an up momentum day. Selling a long position is best done just before the conclusion of a run up, if you can figure out where that is, or set a target. But since it can move 20 points in a day who knows where the target is either up or down. Since guessing tops and bottoms is impossible, PHCM can cause a person to do lots of "wish I had done this or that at the end of a day" But if you can hit it just right on one of the moves it is very profitable.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News