SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jenna who wrote (28970)3/23/1999 2:10:00 PM
From: Jenna  Read Replies (2) of 120523
 
MMPT was on the watch list of the 16th and the 23rd. I almost never have a stock on twice in one week unless I get concerned you 'discard' the watch list and the stock (throwing away the baby with the bath water) after the 16th passes. MMPT did have a good pop of 20% even with a 2 point gap that is still quite a lot. The first time I posted it, MMPT had a new 4 week high and now it has a New 6 Week High, a strong stochastic breakout (well that's obvious).. Now ultimately I expect this to get to the its 52 week high but whether the path is straight up is another matter.

Who's to decide what is the divider line between a signficant break out triggering a buy signal or a stock that has given a 15% (possible) profit in one day and time to take the profits and move on. It's really a matter of seeing the glass as half empty or half full. I would take profits becaue the market is down, it could also be another EPAY and WEBT, i.e. good for multiple 2-3 day large gains. So to be diplomatic and not go out on too big a limb I'd keep a 200 shares and if you still want in at the high, get a small position, it if pulls back you can get more if it goes up you will still enjoy the gain (from experience 2-300 shares are a good amount)

By the way, the market climate has a lot to do with my ultimate decision. If the market were neutral to bullish today I might add even more shares for a possible gap up, but the market is bearish today so I don't like to take unnecessary risks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News