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International Stem Cell Corporation Message Board

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  • unbias88 unbias88 Mar 8, 2012 3:09 AM Flag

    Txtraderman out as support breaks

    Near term chart levels are 0.69, 0.55, and 0.4. So if .055 does not hold, support is at .4 and not .25. Charts are useful for short term tradings but I do not know anyone making money strictly using chart for short term tradings. If you do, you are among a very few. Charts such as ISCO are very unreliable especially short term because of low trading activities and low prices. It can be easily manipulated.
    I believe the price movement will depend on the release of 4Q report. The important number to watch is sales of Lifeline Skin Care. There are no free lunches. One has to take a position before the earning report release on March 19. You have a 50/50 chance of being right short term.

 
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