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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Sun Tzu who wrote (82622)11/2/2023 1:25:28 PM
From: Lee Lichterman III  Read Replies (1) of 97958
 
I don't remember when you played it. Whenever you post a play, I add it to a watchlist made just for that purpose. I use the list to get a quick feel for how speculative the day is going to be. Early each session, I pull it up and then gauge how the day will likely trade. You said in the past you exited most of the tickers in my list but I leave them on there because they are still useful for my purpose. It's the equivalent of Bloomberg's most shorted list the way I use it.

I'm not saying there isn't short term money to be made in crap stocks or penny stocks. More power to you. My posts are for the lurkers out there to provide balance. There's probably hundreds of inexperienced newbies and or just people looking for a quick easy score. Since exits aren't always posted, they can get stuck holding the bag when these crap stocks resume their downtrends which the majority have done.

Your green/red line system could be used for more established, positive money flow companies too. Of course those don't jump 15% in a day.

It really wasn't a surprise that this stuff was up today. LABU was on my lower channel line 2 days ago and had a buy signal. When it confirmed yesterday and started moving, I knew the crud was going to follow soon.
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