So here I am, continuing to read all you guys opinions, I'm really excited with my EKDKQ 60,000 shares, bought 'em at $.268, I told a friend of mine that there was still good chance for him to buy at .52 friday, he bought 70k to 80k shares at .555 like 15 minutes before the closing bell last friday, am I an awesome friend or what?
If your friend looking to buy-in was a chart reader ,and was able to nonitor the stock all day, he could have used this chart to do a bit better. Just follow the DIRECTION of the 5ma.
Bought near open on a rising 5ma, about .53, sold when 5ma turned down,for about.59:$600 gain on 10K shares.
Buyback again for .52 as 5ma started to rise again,sell at .56 as it turned down,for a $400 gain.
Buy again around .52-.53, and at the close he would have been IN THE MONEY BY ABOUT $300 BUCKS.
So, he would have %1000 in the bank,and have about $300 credit at the close.
He would have been $1300 better off with this approach, since he is only even at the close by his own method.
My friend doesn't trade, I called him 30min before the close and he bought 15min before the close, period, that's "his method"...
Keep up the good work with your MA's... and congratulations with your $1300 "method", I'm sure you're 1 step away to landing a JP Morgan team leader spot