Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > Other Topics > The Stock Market

Reply
 
Thread Tools Display Modes
  #1  
Old 12-08-2005, 08:18 PM
cdxx cdxx is offline
Member
 
Join Date: Mar 2005
Location: playing way too many hands
Posts: 45
Default TINY technical breakout?

i am not comfortable reading technical signs. i normally don't look into TA a whole lot because most of my positions are very long term. this stock is no exception, i've owned 100 shares of it since forever, and it never made much of a move. i should have gotten rid of it, but simply never pulled the trigger. the company basically owns a bunch of nanotech startups, so i wouldn't classify it as a play on tech recovery, so if the right opportunity to sell came along, i think i'll jump on it.
chart

anyways, it broke out a month ago on very nice volume and no news, and accomplished the same today. i am not buying more of it, but if i didn't own it and it showed up on my screen, i'd be very tempted to get into it for some quick cash, depending on tomorrow morning. probably putting in a trailing stop order around 5% of where it opens tomorrow.

does anyone here have an opinion?
Reply With Quote
  #2  
Old 12-10-2005, 10:47 PM
ewile ewile is offline
Senior Member
 
Join Date: Apr 2003
Location: Oceanside, New York
Posts: 104
Default Re: TINY technical breakout?

I'm actually holding a few shares of TINY too. It came up on a screen that I do for Stan Weinstein type stocks. If you don't know his book, google him, great book.

Anyway, I'm holding, with a stop at about 11 dollars right now.

I don't even look at daily charts only weekly and the price/volume action there is good so far. I think I bought
about 3 weeks ago after the first volume spike.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 06:57 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.