Chuck; I have almost stopped picking stocks and just play the NDX index.
But PDYN caught my eye..and attention..( I haven't bought her yet but just put
in a limit GTC bid @ 1.85 yesterday ) ( in my IRA )
Any more I don't leave anything under $5 in my regular account as it can't be
margined and depletes my buying power.
This is breaking my own rules as I like to save my capital for swing trading
the QQQ of funds that track it.
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My take on PDYN is mostly TA which is not so reliable for stocks under
$10 ...one thing I do like is her "small" float ..if she does bounce she can
make a sizable jump with a float that small..and her volume seems to
say most of those who wanted to sell have already done so.
Another thing when I do find one that looks like it may bounce
I also look on SI , and hope to find a thread on her which was once
popular almost dead. ( it tells me most people have abandoned trading her ).
If I'm bottom fishing I want to hook what most people are not looking at.
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Here is some recent TA as I see, longer term is not valid on a stock that
has taken such a dive.
When she came off her low in April she bounced above
the NDX and she has mostly held above the NDX since.
quote.yahoo.com^ndx&p=m50,m200&t=3m&l=on&z=m&q=l
She may drop back down the the NDX line ( likely will ) but if she don't fall
below it I think she has made a bottom while she is not in the NDX , I still prefer
to compare a stocks RS to it.
I won't bite on any nasdaq stock that's not showing a relative strength that is less
on a "3 month average" than the NDX.
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Next Chart is a big one..6 mo with 4 indicators I like
quote.yahoo.com^ndx&a=m26-12-9,fs,r14,f14&p=m50,m200&t=6m&l=on&z=m&q=l
BTW book mark that, for the set up..trick 1
using yahoo you can edit the line in your url , < where you see q?s=PDYN& >> you can back out the
PDYN and put in any nasdaq stock symbol ( OR several of them separated by a + sign)
trick 2
Where you see < &t=6m& >> you can edit the "6m" to 3m or 1y or 2y or 5y real easy ( if it's got
that much history )
Seems like a pain but Yahoo is fast if you lean a few tricks.
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About the last chart.
1, look at the MACD Jan then April low..the MACD was not as low in April when the stock made her
low as it was in Jan..( that's a positive divergence )
2 look at the fast stoch; again the her low price was set after the Stoch had improved over march,
( another positive divergence )
the next two are also showing positive divergence from March to her Low.
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While this may not mean she has hit bottom , the signs are saying she won't go back to
a buck unless the whole market melts down.
I'm only betting half the $ of what I'll bet if she does re-test her low,
right now I'm not sure I will get her at 1.85 but my bid is firm and I won't
chase her.
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Last ,
biz.yahoo.com
Insiders have been buying at a better price than this.
& Non of the larger holders of PDYN look under pressure
to be forced to sell her..( not at these levels anyway )
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That's my take..( a sort of long shot ) but with what I call
good odds.
Jim
Subject 26037
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