Hi Cush,
FWIW, this is very painful... ouch!
After playing the April 4 debacle so well, I thought I was a genius... good thing I took notes, so I could refer to them later & realize that I'm not <g>
Anyway, I digress. I have decided against posting my buy & sells on DSG & NT both on the TSE, but I will analyse both ARBA & PMCS... @ any rate their charts are similar in some respects to the CDN stocks, but I guess being on 'da NAZ the stocks have tripled.
PMCS not a TSE listed stock, but a CDN listed on the NAZ. Daily chart stockcharts.com[w,a]diclyymy[dc][pc5!c21!b50!b100!b200!i!h.02,.20!f][vc60][iUb14!Ll14!Lp14,3,3!La12,26,9!Lc20!Lg!Lh39,1]
I purchased this on Sept 28 @ 12:24pm @ $10.71US. The stock @ the time was in a freefall that was arrested the day before by the "hammer" that formed on the 27th of September & by the cross-over of the ADX over the -DMI (suggesting selling pressures were abating). Immediately after buying the POS, I placed a stop @ $9.55, figuring that PMCS had to go minus 4% below its long-term support level in order for the stop to be hit.
I was wrong. I was stopped out on Oct. 2/01 @3:30pm
It's kind'of funny... I was actully looking for a triple on this stock by quickly referring to the highs in July & August.
The rest as they say is history...
lesson(s) learned. Peering @ the chart in hindsight, it is obvious that I should have had, with the 5x21 ema & confirmation of the +DMI over the - Dmi before purchasing this stock. Probably if I had done that I would be sitting on a nice 2 bagger (in American $ yet). Without being stopped out. And to exit when the 5 day ema crosses down over the 21 day ema with confirmation of the DMI's. (That hasn't happened yet)
& also be very careful in placing physical stops... other TA technicians who are much smarter & much more solvent than I am purposely (i think) run any stops that may be present... FWIW
Oh well, I still think I'll have another chance @ picking it up for around $16.00 or so.
Regards,
Peter |
