down for the whole month of august...just wondering how long i should wait to buy...i am thinking anytime under $37, or should i wait all the way to $36 (around the 200 MA) or even $35.5, i am sure there will be a pull back of the general markets after the hugh 6 weeks run. anyone care to say something or provide some thoughts would be appreciated.
Well it's hard to catch a falling knife but it's at or near oversold status. If the market looks stable tomorrow might be a good time to buy. I don't think it falls all the way to the 200 day MA unless the broader market corrects with it. Put in a limit order as low as you dare and it will likely bounce if it fills.
bought some this morning (20%)...hopefully it will go down more next week as people back from summer holidays thinking no qe3 yet...have a large pending order @ 200 ma...hoping target $40 by christmas...i will be a very happy man...
Technically speaking this is a good entry spot. Going by past history of the MACD and Slow Stochastic it should make a turn in the next week or so. I bought Oct $26 calls. Can't wait for them to make a run.