anyone have an explanation on activity for STEM? I bought in at 1.60 last week and sold at 1.71 today because I was reading threads on yahoo financial all last week and people were saying after the merger STEM shares will only be worth 5% of the new company and as the price started to fall last week I started believing this was it for STEM. I held on hoping for a morning spike like today to sell my shares without a loss. Now it seems its staying between 1.70 and 1.80 and some analysts report it should be worth $6-$30. im thinking of going back in around 1.70 but I wanted to get yalls opinion on the significance of the activity? I am a beginner so any advice is greatly appreciated!
Posted Aug 22, 16 3:28 PMbyaeasley89
Tickers
STEM
There is no moderation there so be ready for that too. Again, we/us/you/and I trade these low floaters for certain percent gains in the move; singles up the middle. even if looking at $6 you are thinking grand slam here. $STEM still may run and if you believe that then it is up to YOU to make that decision.
NEVER let someone else, especially at Yahoo tell you that a stock will do this or that. The majority of traders in Tim's chat room are intra-day day traders....in and out in the same day, Sometimes you can hold longer but the majority of plays are 'within' the day.
Figure out what type of trader you want to be. Follow your own bias and trade that bias. It takes a while to drive that one home but patience and discipline are a huge part of this also.
thanks for the advice! I dont post on there and your right, looks like alot of A HOLES on there. Every now and then someone will post actually trying to share knowledge but those are few and far between
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