Thanks man! That means a lot :) It sounds like we trade very different styles, and I like to hear about your type of play, the fundamentals/news side of things, so that I can learn more about that style of trading.
Looking at the GRPN chart, the close today was not strong, and volume dipped. $5.94 resistance looks pretty strong, and the chart is showing signs of buying fatigue. In the short-term, I would rather be short than long. In the long-term, I have no idea :)
Wow, VSLR is a nice chart. Here's what I see on it:
Bigger version here: http://imgur.com/a/BJgsC
I know VSLR closed lower than today's open, but it closed up +9.4% from yesterday's close, so a little profit taking on the gap-up is perfectly healthy. What's the story on this one? If it's got the momentum to break $4.00 and close over that mark, that would be a great sign. In the short-term, just based on the chart, I don't have much of an opinion on this one until it breaks $4.00, then I would be interested in buying. Long-term, I like the chart and the double-bottom and consolidation.
I'm not an adviser, so please do your own DD, charting, etc.
Wow, thank you for doing a quick check on these!!
This is funny because I look at things differently but have come to the same conclusions which is why I sold out of grpn and held all my position in vslr. I am looking at closing out some other positions and investing more in vslr if it pops a bit, $4 sounds just about right, I might even jump in on a normal pull back after such a run.
What really got me onto Vslr was a failed merger which took a lot out of management last year, and their stock paid the price. Management has refocused on prior growth strategies, it has taken them almost 6 months but all the news I have read was pointing in one direction, so I invested, my lowest buy in was $2.21 which I believe was bottom, and averaged up to $2.80. Working the news angle can work, it has failed for me on many occasions, one thing I try never to do is listen to someone promoting a stock.
I'm thinking that if I start studying charts a little more I may find gems that I can then read up on and see if there is an opportunity presenting itself.
Thanks again it was nice to see you thoughts on the charts! I will be following your future posts as best as I can.
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