thanks, VG ques., since my "PSYCLE sm" does NOT trade "on news" ever. ...remember, as I teach, when I bought it below $ 5, there WAS no "good news"....anyway, price target now difficult (I should tell you, one of my people is still long 1,000 shares from below $ 5.) on recent further breakout....all I can say, is to look for a real-high-volume-on-the-news-type top (similar to what it seems you may be smart in looking for soon, judging from your post to me) ....real high volume, after a rise like ODETA has had, smacks of distribution, usually, unless a takeover.... also remember, as I said, "PSYCLE sm" traders have no emotion, no greed, no need for "excitement"....we always leave some money on the table... and we never care what a stock does after we sell, when we did so well, in in in the first place, buying near the low, when everyone hated it, dig ? ....hope this helps, but sorry, I have no formal target now, except for obvious gap above, in the 14-18 area on the chart, but that doesn't account for the spin-off....
so, best wishes, congrats to all for getting in cheap, and selling at big quick gain....good going....let's find some others like ODETA was below $ 5., yes ? |
