You gotta like OVTI right now
- Thread starter NY_HOOD
- Start date
I bought more near todays close based on it finding support at the 50dma .
We have got to hold todays low of 17.30 tomorrow or else something is seriously wrong.
Earnings are thursday.
I made a point and a half on OVTI yesterday but felt the pull back gave me a chance to get back in.
Also made a nice little scalp shorting Cree as i mentioned on the Cree topic today.
We have got to hold todays low of 17.30 tomorrow or else something is seriously wrong.
Earnings are thursday.
I made a point and a half on OVTI yesterday but felt the pull back gave me a chance to get back in.
Also made a nice little scalp shorting Cree as i mentioned on the Cree topic today.
OVTI is high beta stock so that move today is not so big at all (considering the tension in the market)(VIX).Nasdaq drops the most besides. I think these movements yesterday and today also hat to do with earnings (fund managers, big traders etc. making their bets). Big volume today like yesterday.
Doesnt it scare you guys to buy stuff coming into september?
I sold my position with a nice gain. Sold at 18.38.
Why? OVTI is coming out after the bell with earnings and i lost too much money back in the day holding through earnings, of course that is where the most money is made but also the most money is lost. I can always re enter. Had to play it safe. Cant complain, some nice money was made.
Why? OVTI is coming out after the bell with earnings and i lost too much money back in the day holding through earnings, of course that is where the most money is made but also the most money is lost. I can always re enter. Had to play it safe. Cant complain, some nice money was made.
^ Not a bad trade Hood. Better to be prudent in times like these.
