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Sapient Corp. Message Board

Grump430 2 posts  |  Last Activity: May 6, 2016 11:16 AM Member since: Nov 4, 1998
  • Reply to

    Stock is weak

    by grump430 Mar 31, 2016 9:59 AM
    grump430 grump430 May 6, 2016 11:16 AM Flag

    Down it went. Closed the late Feb. gap and has retraced more than the inverse of the golden mean. Its oscillated to oversold so a bottoming candle could signal a trade to the long side. textbook trading.

    Sentiment: Hold

  • grump430 by grump430 Apr 4, 2016 4:35 PM Flag

    Whoa, 10.99 zoom early, then gave it all back and closed at the low. Sucker rally. Stock is sitting on Mar. 24 support, but it looks a bit slippery. Better than even chance the stock will continue to answer the March rally by going lower. The top of the gap or the 50dma may provide support as the chart personality continues to develop. Trading risk/reward favors lower prices. Closing at the low today was noteworthily ugly.

    Sentiment: Sell