Bisal,

I don't know what to say except Good Luck. They are cheap for a reason. Where the stock was in the past is not important, we should be concerned about where it will be in the future.

FF,

I usually look at daily charts for the pattern but use the weekly to determine the trigger. Once the handle is formed, I look at the previous week's high and buy it when the price gets to 1% of the high. If the price is above 5% of the high I let it go. The attached chart is for PCX which I had recommended on Sunday. The stock rallies to pt. A and sells off, then again it rallies to pt. B and we see another pullback. The pullback is less than the previous pullback from pt. A, so this makes the formation of a cup and a handle. I noticed this on Sunday and the last week's high was $5.24. So my trigger in this case was 5.24 X 1.01 = 5.29 and the maximum buy price was 5.24 X 1.05 = 5.50. This meant that I'll buy once price gets to 5.29 and the most I was going to pay for the stock was 5.50. Once you are in it put your stop and enjoy the ride.

Hope this helps!!!