hi all
just my 2 cents on the price action of SYQT and IOM
I have read some comments on this thread ... IOM vs. SYQT, as if you own one you should not own the other, or if you are long IOM should not play SYQT .... etc. etc.
What I have noticed is the chart movements of both IOM and SYQT actually mirror one another ... same sector
IOM chart
207.95.154.130
SYQT chart
207.95.154.130
A coincidence? I think not.
2 company's ... one the leader ... one the follower
charts movements the same
the only difference being their prices.
So, how to play with this knowledge??
Watch both for positive moves...IOM moves first, by just a day or so, sometimes not even a full day, SYQT follows.
Both have shown huge volume on their dive days, often suggesting they have made a short term bottom.
Both are tech stocks....investors are expecting tech stocks to rally during the summer months.
Both show a flat/sideways movement for the month of June
I am expecting the next move on both, to be a rally mode, right along with all the other tech stocks.
Both allow good entry at these levels
Risk vs. return, at this point is very good.
Sue
Disclaimer ... long IOM at higher price
currently no position in SYQT
another disclaimer: No fundamental analysis involved in this report |
