appreciate all your pertinent comments....wish I knew of this thread when my "PSYCLE sm" added SSNC as a beautiful depressed L.T. basing Buy, below $ 6.00, with a stop below 5-5 1/2 area, on margin only, where suitable, diversified....I did not get enough stock when it was there, but, on a pullback to perhaps the 6- area, SSNC should shape up again....I think you have a winner here, with reasonable stops....
I do not employ "fundamentals" but, instead, try to take advantage of long-existing, repeating patterns,. of chart, and human/media behaviors....has worked very well for 20+ years now...also, I use a special "industry group rotation" conecpt, and other depressed "info. techs." have been similarly depressed potential long buys, so this adds to our case....I am Not a "very-short-term" guy....best wishes,
P.S. when/if SSNC can breakout above $ 8+., it projects towards resistance around the $ 10-11-12+ area, where it will encounter much resistance.... |
