RealMoneyIssues
Well-known member
Amen
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jpcavin's Account Talk
- Thread starter jpcavin
- Start date
Amen
Birchtree
Well-known member
I was wandering in the desert for ten days - Tommy Gun left a link in my thread so folks could see my comments. There were 3000 hits so everyone knows how bad I was. My thread is still closed so I may be experiencing some residual punishment. At any rate the bull marches on.
RealMoneyIssues
Well-known member
Is there any indication it is going up?
Just looked at the chart: http://stockcharts.com/h-sc/ui?s=peix
I am thinking if it goes down to the support at 0.86, then it might be a bounce play back to $1 or so... that is speculation and would need to be re-evaluated when it gets down there...
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jpcavin
Well-known member
Why do you need an indication? BUY BUY BUY!
RealMoneyIssues
Well-known member
Why, so you can sell higher? not...
ILoveTDs
Member
I didn't buy today, but I was invested in it today
jkenjohnson
Active member
jkenjohnson
Active member
This got me thinking. How do you utilize the 3 day and 10 day sma? I assume when the 3 day crosses the 10 day it is considered the beginning of an uptrend?
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jkenjohnson
Active member
It appears to be very cheap with a forward looking PE of 4.68. I saw a target of $1.76 on Alpha.
ILoveTDs
Member
I would love 1.76as my cost is 1.18
jpcavin
Well-known member
Yes, when the 3 day crosses above the 10 day, it's a buy and the inverse and it crosses the 10 day going down. I like to keep it real simple. I don't understand all those technicals jargon.
I also look at momentum. Momentum told me I should have gotten out on 4APR. The 3 day sma crossed below the 10 day sma on 5APR.
MaStA
Member
Yes, when the 3 day crosses above the 10 day, it's a buy and the inverse and it crosses the 10 day going down. I like to keep it real simple. I don't understand all those technicals jargon.
This may be a dumb question, but how do you look at momentum?
Also, I had a question about freestockcharts.com if anyone uses it. When using the moving average and setting the period or whatever the scale is based on...is that in days or what? When Bquat does his charting I believe he called his moving averages like a 10 day, etc., but when you look at the top of the chart the period is a much larger number than 10. Hopefully my question makes sense.
Thank you!
jkenjohnson
Active member
Yes, when the 3 day crosses above the 10 day, it's a buy and the inverse and it crosses the 10 day going down. I like to keep it real simple. I don't understand all those technicals jargon.
I think I'll start looking at it in addition to my system to get even better returns.
jpcavin
Well-known member
I know absolutely nothing about charts. I tried to figure it out but they just give me a headache. If you look at my older posts from mid last year or so, I do a computation to get the 5, 15, and 25 day rate of change and I combine the 3 to get a composite momentum score. When momentum goes below 4, it's a sell and when it goes above 4 it's a buy. It's not very accurate but it's good enough for me considering my meager level of understanding where technicals are concerned.
Yes, when the 3 day crosses above the 10 day, it's a buy and the inverse and it crosses the 10 day going down. I like to keep it real simple. I don't understand all those technicals jargon.
I do something similar (FOR ETFs) but I also look for when the equity price crosses these short MAs as an early indicator. Whether or not this I consider this a "buy" or "sell" depends on other factors, namely if we're in a bullish or bearish pattern and sentiment. Remember that the EMA is more sensitive to recent prices than the SMA. You can play with those a bit to see what kind of different scenarios can be generated.
The thing to remember is that if you wait for MA crosses you will ALMOST ALWAYS miss tops and bottoms because they are going to lag the price action by a few days. Especially in a volatile market. Not necessarily a bad thing, but something to consider.
jpcavin
Well-known member
It's probably not the best system given our limited IFTs but it's simple enough for me to understand.
I belief this 3/10 day system works best combined with stochastics
jkenjohnson
Active member
It's probably not the best system given our limited IFTs but it's simple enough for me to understand.
Why don't you post your daily signal in your signature, then I won't have to do that work - no use in doing it twice. I'm sure I'm not the only one interested.
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