that's great. Certain position trades and long positions have been really powerful in the last few weeks. Though its very hard to resist the momentum trades when it seems like they are going off like bottle rockets everywhere. But it seems the momentum trades are much shorter lived at the moment, as if those with short term trading approaches are becoming much faster to take profit than just a few days ago.
So many who have been taking long positions in clearly undervalued stocks (relative to their sectors)and buying and holding for longer term have been doing extremely well of late. Of course
the market has sustained some powerful momentum over the last few weeks, and when this changes, long positions will be very much at risk. I suspect that the lack of sustained drive in most momentum trades right now may be more of an indication of investor insecurity about a market top as much as anything else. That being said, I believe in the current climate of mergers, rapidly evolving technologies and new markets, recent ipos setting new valuation standards for sectors, etc..there are plenty more to come just like
ISLD, VONE, NTPL, BEOS, CORL...
I'm most interested in following any position trades based on TA,
like your mention of ACOM, NTPL yesterday, as well as the kind of unique opportunities that will continue to arise such as ISLD & the merger with sandpiper. The momentum trading, tho it can be extremely rewarding at times, also carries much greater risk, and requires and extraordinary concentration and attention minute to minute.
Would be nice to do just as well, or perhaps even better at a slower pace...
thanks, and look forward to your coming thoughts on position trade opportunities. |
