Hi Bernard & Stingray,
I'm looking at the OTWO chart and hmmmmmmmm ..... maybe I did jump the gun a little. Coming off of overbought, not even close to oversold.
Wellllllll I did mention that I was sort of an impulse buyer. lol. Also, my position is small. That's how I'm currently playing this market. If I can't control my compulsion in a down market, at least I can control the dollar amount, lol !
I saw the stock down 1 point on something like 10,000 shares and felt that maybe the MMs were up to no good. So when it broke 10, I decided to buy. Every time OTWO has taken a quick dive, it has bounced back. But of course, that was when it wasn't overbought.
From a valuation standpoint, OTWO looks ok at $10, but of course even better at $8. A real bargain at $6. But the chart will tell us when its oversold.
biz.yahoo.com
I went to the profile on Yahoo, but the numbers reported there didn't look current (or accurate).
Here's the lockup info ... YIKES !!
ipolockup.com
15M shares come unlocked on Monday. Earnings reported next Thursday.
Good luck today ..... evil Bernard, mark my words, they day will be soon upon us when people will no longer offer up their hard earned money to day-trading sharks !
Chris |
