You are right the only to make money is to buy early and BTS first.
One way I have discovered is to check the trading log on volume and
oprice to see if accumulation is going on and how far the price has
risen. That way you have an idea if you are getting in late or not.
However I would so DD prior to investing in anything. SOmetimes only
takes about 15 mins to do a basic DD scan.
MAKO CAPITAL INC
Prices Available: 08/24/95 through 03/19/99
Ticker: MAKO
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
02/22/99 40,900 0.45 0 3/8 0 3/8
02/23/99 86,000 0.39 0.32 0.32
02/24/99 140,800 0.35 0.20 0.28
02/25/99 160,400 0.35 0.24 0.24
02/26/99 64,500 0.30 0.24 0 1/4
03/01/99 309,800 0.30 0.24 0.24
03/02/99 111,000 0.34 0 1/4 0.34
03/03/99 239,100 0.49 0 1/16 0 3/8
03/04/99 100,200 0.45 0.34 0.34
03/05/99 246,500 0.43 0.32 0.43
03/08/99 170,700 0 7/16 0.28 0.28
03/09/99 47,000 0.32 0.27 0.27
03/10/99 75,100 0.30 0 1/4 0 1/4
03/11/99 116,500 0.30 0.24 0 1/4
03/12/99 222,400 0.27 0.15 0.18
03/15/99 191,800 0.23 0.17 0.19
03/16/99 74,700 0 1/4 0.19 0.19
03/17/99 258,700 0 1/4 0.10 0.17
03/18/99 270,800 0.19 0.16 0.16
03/19/99 346,300 0.21 0.16 0.19
Now if you will notice it is falling and it was .15 back in January
and been up around .50 and now back to a level that I do not think
is truly being accumulated yet. That is why I am doing DD on it. It
is only .06 off the floor in my opinion ...
Hope this helps those that are looking at picks on the internet. I
am not saying to go buy it or anything else just showing how you can
sometimes find stocks on the floor than on their way up.
:-)
GB |
