Monday, April 12, 2010
Speculative Chart of the Week
I sent this stock to my subscriber list on Sunday afternoon as a Speculative Stock of the Week. This is a new feature, high risk, high reward, based on my Trend Following trading algorithm. In the case of the above weekly chart (I'll name the stock, eventually) there is the added characteristic of a mechanical Buy signal based on five waves down, a divergence in the Elliott Oscillator (bottom panel) and a break-out above the down sloping trend line (using trend following signal as trigger in lieu of trend line break-out).
This was a $5 stock a decade ago and in the mid-$3's as recently as 2008. It also has consistent insider buying from it's CEO for the past three years.
Finally, I am using a low-volatility setting on the trend algorithm, meaning its harder to generate signals, so those that are generated exhibit much better staying power. In other words, last week's Buy is significant in terms of intermediate to longer term price appreciation, not a guarantee, just a highly persuasive suggestion for a speculative run.
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10 comments:
what its name?
Is that a riddle?
come on
Allan,
Seems like GNVC wants to make a move
The answer to your riddle is...subscribe to find out! Best money you'll ever spend. Allan deserves it for all his hard work...
pay your dues and you will get the name
whatever you say is right but in worst cases at least by knowing the symbol we (non subscribers) would pust the sp up so as to fill or support the criteria
MRNA, on the run. Patent accepted, for nasal delivery systems for Y2 receptor selective agonists.
Enjoy...
http://www.marketwatch.com/story/mdrna-inc-announces-patent-allowance-covering-intranasal-formulations-for-y2-receptor-agonists-2010-04-12?reflink=MW_news_stmp
Allan,
Could you please plug "CPRX" into your algorithm and possibly post the chart?
-Marino
looks a lot like gsx
wow...CPRX is hot! Wonder if I should buy?
Liam
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