Cha_Ching

[TimChallenge] SPHS, I am getting sick, I was right on the money and didn't have the right timing.

Received 3 Karmas
Cha_Ching
Cha_Ching Jul 14, 16 9:19 AM

Bob, great explanation on your list. $VUZI, why would you wait so long to jump into the ticker? Why not jump in at $8.50? Can you further about the shorts and how do you know when they will need to be covered?

Cha_Ching
Cha_Ching Jul 14, 16 9:20 AM

One last question, What broker do you use to trade? I know you mention you use Stocks to Trade, how have your experience been with the program?

Turbobob
Turbobob Jul 14, 16 9:51 AM

$VUZI needs to show that th etrend is on and break above $8.20. Before that it is a random trade with only 33% success rate. (33% chance for each of go up, stay the same or go down. If it has a good set up, then the chance of a winning trade is greater than 50%. So, I would leave some money on the table knowing the trade is solid.

Turbobob
Turbobob Jul 14, 16 9:53 AM

shorts - days to cover is just a number I use to determine if the stock will ahve additional momentum if it moves to the upside. You take the short interest and divide it by the 100 day average volume on the stock to get the number. The higher the number the more potential for momentum. They do not have to cover, it is just a term I use.

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Cha_Ching

[TimChallenge] VMEM did a reverse split last week, but the movement on the stock is very slow.

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