When junk starts flying

easyguru · Apr 12, 2004

When low priced stocks make these kind of explosive move, a top might be near as quality stock gets distributed and traders chase a narrow set of momentum stocks. Or the market might be headed for runaway move.

indahook · Apr 12, 2004

Quote from easyguru:

When low priced stocks make these kind of explosive move, a top might be near as quality stock gets distributed and traders chase a narrow set of momentum stocks. Or the market might be headed for runaway move.

So essentially you are saying the mkt might go up....or might go down?

nkhoi · Apr 12, 2004

Quote from easyguru:

... a top might be near

....
Or the market might be headed for runaway move.

exactly.

easyguru · Apr 12, 2004

My personal read is it will go down because I see very few breakouts to all time high while tons of breakouts from bottom.

easyguru · Apr 12, 2004

Quote from nkhoi:

... a top might be near

....
Or the market might be headed for runaway move.

exactly.

The runway move also always ends in a climax top.

Baruch · Apr 12, 2004

Quote from easyguru:

The runway move also always ends in a climax top.

I wish I had bought MACE or IPIX last week.

VOLUME · Apr 12, 2004

You could have bought MACE at 11:20 (EST) today....and sold it one hour later for a 100% gain.

gms · Apr 12, 2004

Yeh... you could've also gotten on board CDCY a few days ago to ride the trend and gotten slammed today. Hindsight's great.

Baruch · Apr 12, 2004

Quote from VOLUME:

You could have bought MACE at 11:20 (EST) today....and sold it one hour later for a 100% gain.

I hope you did...

Baruch · Apr 12, 2004

Quote from gms:

Yeh... you could've also gotten on board CDCY a few days ago to ride the trend and gotten slammed today. Hindsight's great.

I suppose that with good money management (stops) we could make money in these high fly-stocks?