I don't think it's ever going to 20, that's where I first bought my long term hold over a year ago....but who knows!
I sold that long in October and only swing trade and day trade it right now. BEAS is my favorite trading stock.
Went long this am at 48, a beautiful run today. 70 will be tough, but I think it will stay above 40. It really needs to consolidate, create a base which it never seems to be able to do...
I used to be on the Marketgems thread alot, the Moving Now thread for awhile, and the GNET thread when it was still GNET. Now I'm on the Trend Setters thread and in a live trading room most of the time.
The key to me that it was about to roll over was all the little tiny candles on the daily - which couldn't break above resistance, unusual when compared to the past. But the real hint was that Wall Street started paying attention to valuations, and BEAS has a high one.
I still prefer this stock long to short, especially when you get a lovely short squeeze like their was today.
I also still believe this stock is a future gorilla, one of the new leaders. The average daily volume of this stock has quintupled in the past 6 months, before then it was an unknown. And I wouldn't be surprised at all if they have a blow out earnings report this quarter.
That evening star you refer to - was that the one on the weekly in Dec? Those are excellent indicators, even though sometimes the reaction is delayed. I'm going to a Steve Nison seminar next week in NYC, it should be excellent.
As of today's close, there is a doji on the weekly. Hmmmm.
Thanks for your opinion, keep them coming, Susan |
