A good time to add imho.
http://www.etfconnect.com/select/fundpages/displayChartData.asp?name=Morgan+Stanley+India+Investment+Fund&ticker=IIF&MFID=10541&hdrtxt=Premium%2FDiscount+History&qsChart=type%3DETFCv2%26id%3D10541%26w%3D500px%26h%3D200px%26dtatyp%3Dpremdiscall&dtatyp=premdiscall
If the stock keeps trending up then I'll draw a trendline and sell if it breaks it.
If the stock doesn't trend up and goes down then I'll sell with a loss of 5-7% or if my reading of the chart tells otherwise.
This is for trading 1-4 weeks... On longer term buys I use a different approach.
I have had good success riding the strength of stocks trading up on heavy volume. I get a watch list of at least 10, do some research (RS, chart, etc) and buy 3-6 stocks.
It can work out pretty well with a decent return over the next few weeks/months. I usually hold a stock for around a...
Short GLBC @ 26.80.
:D
Any opinions on this stock over the next couple months? I'm concerned about the low volume down days but this stock has stalled and is overvalued imho.