Posted by: eminitrader April 24, 2007
Making Money with Eminitrader
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It's good that you guys are still discussing stocks. Jhalyncha: I remember ACH, it showed up on my scan when it was around 10. Rode it for a while but don't have any now. I haven't had the chance to look at other stocks but I'm sure they are good too. I think it is a good idea to buy those on any pullback. I usually don't recommend buying at a new high because of the RR, but if you are able to catch an early trend it is a good idea. It's usually better to buy a $10 stock than a $2 stock. With a $10 stock you can ride the trend longer without going through much volatility. Cheap stocks are volatile so it is necessary to take quick profits on those. There are few other strategies that I have found more useful which I'll be discussing after I come back sometimes in July. Housing numbers are coming bad but earnings are coming good. Right now the trend is up so stay with it but watch out for 1% true selling days to take profits. Still holding JDO long with a stop below $2.20.
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