If the market selloff continues which the premarket is pointing that way i will be looking for a entry point to add to my ACAD I am still holding my core position which i wouldn't sell unless some major factor changed in the company but lately i have been also trading acad a little. The RSI is pointing to anything close to $17.50 -17.75 as a good entry point which we could see with no news and a overall market sell off. If i didn't own any i would start building a position right here since 18 will seem like a gift by the end of the summer. GL2ALL Mike
Right now you look like you made a splendid buy.BUT! Not so fast! Volume is still weak. I say we still go pond lurking next week and rediscover the 16's.After meditating there for a short while,look for massive volume to kick in and carry us into the 22-24 level by mid July.
If you would of read the post it's a trade ok, I bought a few thousand and already sold 2 of them. I have a long position that i have held ACAD since just below $1.90 that i don't mess with. I have stayed away from day trading ACAD for some stupid reason that was no more than i was long and that was it. After studying the charts looking for "daytrades" i reallized that i was looking at a great one everyday so thats how i got here. As for ACAD? 16-17-18 who cares. It's going up and i will be there when it does. I don't want to be waiting for 16 when the news comes out that it got bought out for ? I would feel pretty Fn stupid so till then. Long a lot and trading a little GL2ALL Mike
Thanks blue! I put a buy order in at 17.50 right after reading your post. I was going to just buy it at the market price but thought i'd take a shot at your call. Amagine my surprise seeing i got it and right at the low on the ask. The other girls in my office pd $17.85 LMAO :-) Thank you again
There is several things that used to come up with that number but if you go back to around the 13th you will see a spike in the RSI and the Bollinger bands. There is no exact science but my dad worked for Cantor for years and he would always say that investors are creatures of habit and look for entry points that they feel are cheap. There is so many other factors that affect the overall market that no one can predict anything for sure but in the 17.50-17.75 area we have seen the buyers step in and i can only assume that they will do it again IMO Mike