Paul: Thanks for the update information on SCMR. I like a stock to whip around a bit, like playing the day-to-day swings.
Like you, I am busy at work so I don't play the Daily swings as often as I would like. More like the bi and tri daily swings. : )
In any rally, it is very hard to get the top price, or the bottom. Few do it. Even fewer do it often. We are further handicapped by our work hours.
I don't get upset the least by missing the top price but rather focus on getting the one, two, three, four day trend etc....of a stock that is volatile enough to make even a few days trend ride profitable and a run VERY PROFTABLE. SCMR might fit the bill for me, as does RDRT currently.
I would need to learn much more about the stock's personality and fundamentals. Past News and sec fillings... the usual boring stock stuff.
Hard look at the chart as well!!!
Most stocks eventually calm down and become like watching paint dry.... it's time for me to move on to another stock.
Ken's PCOM might be a good cheap stock play but I would
need to get more up to speed on the stock before buying anything but a small initial position.
Getting a feel for the personality of a stock is very very important, for me. I can get a second by second qoutes and volume update for 3 to 7 mins.,, 3 or 4 times a day, sometimes less, and I have a very good grip on the stocks direction and likely ( apx. )Close, high, low, for the day.
That added to some night before TA, I can usually do pretty good riding the stock with very tolerable risk.
Reading many Internet stock message boards about a stock I am trading, and getting a feel for the current sentiment and the added stock/company knowledge is all very important to any stock I trade.
I will try to find some time to bone up on both SCMR and PCOM as RDRT plays will not last forever, but still looking strong for the time.
RDRT should have a good week. Should try a test of $10 plus this week. More then a 50/50 chance of some kind of positive Press Release to help it further along.
Nasdaq should be UP Mon and Tuesday, this will help RDRT.
If RDRT breaks $9.56, it's going straight to $10. Next Big test at $10.50 range.
RDRT was up Thursday while Cisco tech. crash was still going on. Down small amount on Friday as Nasdaq was down rather large. RDRT had even been UP earlier in the day Friday.
RDRT is semi-disconnected from the Nasdaq at the moment, and that is a positive last few days!!!
If the Nasdaq rebounds next few days, even less reasons for someone to sell the stock and added reasons to Buy the stock. RDRT moves up heading to $10 from current $9
Of coarse, everything has to be updated many times each day to re-check the course of the expected route.
Have a good week.
ICN |
