Comments on: GMI and GMI-R are back to zero, QQQQ in new down-trend; TSYS and GLD; short or in cash http://wishingwealthblog.com/2009/02/gmi-and-gmi-r-are-back-to-zero-qqqq-in-new-down-trend-tsys-and-gld-short-or-in-cash/ A stock trading blog by Dr. Wish Tue, 22 May 2012 16:54:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Joseph http://wishingwealthblog.com/2009/02/gmi-and-gmi-r-are-back-to-zero-qqqq-in-new-down-trend-tsys-and-gld-short-or-in-cash/comment-page-1/#comment-477 Joseph Sat, 28 Feb 2009 20:58:52 +0000 http://wishingwealthblog.com/?p=1132#comment-477 @Dr Wish, very good reply. I kinda knew that was the reason (too high to keep going up). I did not buy TSYS because I had been waiting for for it to come down to fill that big gap of 2/9, time when you bought it. I bet it will soon fill the gap. @Dr Wish, very good reply. I kinda knew that was the reason (too high to keep going up). I did not buy TSYS because I had been waiting for for it to come down to fill that big gap of 2/9, time when you bought it. I bet it will soon fill the gap.

]]> By: Mr Risk http://wishingwealthblog.com/2009/02/gmi-and-gmi-r-are-back-to-zero-qqqq-in-new-down-trend-tsys-and-gld-short-or-in-cash/comment-page-1/#comment-444 Mr Risk Sun, 22 Feb 2009 23:42:15 +0000 http://wishingwealthblog.com/?p=1132#comment-444 @ Joseph: When good news comes out about a stock after it has rallied or broken out to new highs, all the smart money or traders that are in-the-know have already bought their shares. The latecomers who invest off the news are the last to buy. Once this happens, there is a lot of supply of sellers who want to take profits. And at the same time, a lack of buyers since everyone who would buy on the news has already done so. Thus, the price starts to go down, and the late-buyers, who are frustrated at the selling, start to sell their losing positions. Selling begets more selling until the late-buyers are shaken out. Only at that time does the smart-money re-enters the stock again. The lesson, never buy on good news alone. @ Joseph: When good news comes out about a stock after it has rallied or broken out to new highs, all the smart money or traders that are in-the-know have already bought their shares. The latecomers who invest off the news are the last to buy. Once this happens, there is a lot of supply of sellers who want to take profits. And at the same time, a lack of buyers since everyone who would buy on the news has already done so.

Thus, the price starts to go down, and the late-buyers, who are frustrated at the selling, start to sell their losing positions. Selling begets more selling until the late-buyers are shaken out. Only at that time does the smart-money re-enters the stock again.

The lesson, never buy on good news alone.

]]> By: Joseph http://wishingwealthblog.com/2009/02/gmi-and-gmi-r-are-back-to-zero-qqqq-in-new-down-trend-tsys-and-gld-short-or-in-cash/comment-page-1/#comment-434 Joseph Thu, 19 Feb 2009 22:32:33 +0000 http://wishingwealthblog.com/?p=1132#comment-434 Dr. Wish, today (Thur)TSYS received over $5M on a new government contract. After this huge income,it was expected to climb very high. Instead, it went down. Anyone has any idea why it did not climb? Dr. Wish, today (Thur)TSYS received over $5M on a new government contract. After this huge income,it was expected to climb very high. Instead, it went down. Anyone has any idea why it did not climb?

]]> By: Dr. Wish http://wishingwealthblog.com/2009/02/gmi-and-gmi-r-are-back-to-zero-qqqq-in-new-down-trend-tsys-and-gld-short-or-in-cash/comment-page-1/#comment-433 Dr. Wish Thu, 19 Feb 2009 09:47:30 +0000 http://wishingwealthblog.com/?p=1132#comment-433 I bought TSYS after gap day on 2/9 and placed stop below low on day of gap. I normally do not buy cheap stocks but this pattern was exceptional. I do not own GLD, but it appears to track its 30 day average. I never hold a momentum stock that <strong>closes </strong>below its 30 day and I often buy off of a bounce and place my stop below the low of the bounce. GLD is too extended for me now. I bought TSYS after gap day on 2/9 and placed stop below low on day of gap. I normally do not buy cheap stocks but this pattern was exceptional. I do not own GLD, but it appears to track its 30 day average. I never hold a momentum stock that closes below its 30 day and I often buy off of a bounce and place my stop below the low of the bounce. GLD is too extended for me now.

]]> By: Jiri Novotny http://wishingwealthblog.com/2009/02/gmi-and-gmi-r-are-back-to-zero-qqqq-in-new-down-trend-tsys-and-gld-short-or-in-cash/comment-page-1/#comment-432 Jiri Novotny Thu, 19 Feb 2009 07:55:57 +0000 http://wishingwealthblog.com/?p=1132#comment-432 Hi Dr. Wish, Where do you have stop loss for gold and for TSYS? I purchased GLD two times, each time with stop loss below latest support but I was always kicked out and lost money. GLD is gapping a lot, I don't it's a stock for traders. But again, I'm just a beginner. So, how do you set the stop loss for GLD or a stock that gaps a lot generally? Cheers! Keep up the great work. Love your blog. It's a part of my daily routine. I've purchased all the books you've recommended me, unfortunately, you had the old design back then without the Amazon affiliation. Well, if you find any other interesting book, be sure to add it! Hi Dr. Wish,

Where do you have stop loss for gold and for TSYS? I purchased GLD two times, each time with stop loss below latest support but I was always kicked out and lost money. GLD is gapping a lot, I don’t it’s a stock for traders. But again, I’m just a beginner. So, how do you set the stop loss for GLD or a stock that gaps a lot generally?

Cheers! Keep up the great work. Love your blog. It’s a part of my daily routine. I’ve purchased all the books you’ve recommended me, unfortunately, you had the old design back then without the Amazon affiliation. Well, if you find any other interesting book, be sure to add it!

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