I don't see how you can maintain a 10% stop on a 50c stock and NOT get stopped out. Some common sense needs to be used here. CVM fluctuated between 40 and 50 cents for a few days after I added it to the flu basket, then found a higher channel between 48 and 52 cents for a few weeks until finally breaking out in the past week. If you can't withstand a 10c drawdown on these lower priced stocks, you shouldn't be playing them. I don't like to manage trades for anyone, but come on, its not unlike a no pain no gain situation. These are speculative stocks, not exactly blue chips where a 5% stop would be appropriate. I already read on another board how, "Allan bailed on CVM." Yet the stock still sits in my account. Yeah, I looked, just to be sure.
I read a report on www.stockshaven.com on a company called Imaging3. Stock appears to have broken out on 3 straight days of massive volume. Do you have any technical or other take on this stock?
Allan, a little ego issue on CVM? You were asked a few weeks ago by a poster about CVM and you wrote that you sold. so what exactly is it?
In fact I wrote a posted asking that you at least let your readers know when you sell a previous strong buy, and it was deleted by you. Its your blog and you do a great service. what's the other board you write of? Perhaps she/he read the same?
test
ReplyDeleteThanks Allan. Any long term projections for CVM?
ReplyDeleteJeff
Jeff:
ReplyDeleteThe Daily chart accompanying my post suggests a move to $2.50-2.80.
It is not fair, at least for NNVC.
ReplyDeleteHad i held my previous positions in CVM and NVAX only i would have at least quadrupled by now...
waiting for Godot
Serge
Same boat here. A lot of marbles in NNVC. Missed
ReplyDeleteCVM completely.
Buy now at $1.55? Tough call...
It's hard to hold these stocks through the gyrations. CVM dropped more than 10% after being mentioned and many prudent traders were stopped out.
ReplyDeleteHint - Dont use stops in a bull market.
ReplyDeleteKudos again.
ReplyDeleteGfungus
I don't see how you can maintain a 10% stop on a 50c stock and NOT get stopped out. Some common sense needs to be used here. CVM fluctuated between 40 and 50 cents for a few days after I added it to the flu basket, then found a higher channel between 48 and 52 cents for a few weeks until finally breaking out in the past week. If you can't withstand a 10c drawdown on these lower priced stocks, you shouldn't be playing them. I don't like to manage trades for anyone, but come on, its not unlike a no pain no gain situation. These are speculative stocks, not exactly blue chips where a 5% stop would be appropriate. I already read on another board how, "Allan bailed on CVM." Yet the stock still sits in my account. Yeah, I looked, just to be sure.
ReplyDeleteAllan,
ReplyDeleteI read a report on www.stockshaven.com on a company called Imaging3. Stock appears to have broken out on 3 straight days of massive volume. Do you have any technical or other take on this stock?
Allan, a little ego issue on CVM?
ReplyDeleteYou were asked a few weeks ago by a poster about CVM and you wrote that you sold. so what exactly is it?
In fact I wrote a posted asking that you at least let your readers know when you sell a previous strong buy, and it was deleted by you. Its your blog and you do a great service.
what's the other board you write of? Perhaps she/he read the same?