Wednesday, May 06, 2009

CTIC

In a Comment to my last blog, someone said CTIC was about to explode. I pulled it up on a BW real time 60 minute chart, saw it was popping and bought a small position. It doubled in the next hour.

Here is the chart:


This is the advantage of having a real time charting system combined with a real time trading tool. CTIC was clearly on a BW BUY confirmed with an EW Wave 3 UP.

Whoever posted this idea, a tip of my hat!

A

6 comments:

Anonymous said...

Allan, I couldn't resist!!! I got on this one yesterday and the velocity on LII today was unreal and hence the post. Besides the fundamentals look good. They had successful phase III trials. Their drug is in use in compassionate mode in EU and they will be applying for NDA with FDA this quarter to be approved end of this year.

V

Allan said...

Nice one, V. Thanks!

Anonymous said...

Looks like this market rally could extend to 9500 pretty easily....what do you think?

twocents said...

Neely sees 950-1000 SPX, and he's a bear.

Anonymous said...

Goldman Sachs will move this market which ever way suits them best. GS is my best leading indicator, FWIW, IMHO.

Anonymous said...

Allan,

Do you see CTIC as a sell at this point or has this just begun?

Thanks Tom