FSDDF - Thoughts
Not a big fan of biotech
price action doesn't really make sense to me, nor does waiting a long time for nothing to happen
I know better now on how to play these stocks at least
highly speculative, literally bottom finishing the lowest of the low
strategy: looking to see that it is holding its 52 low for a good few months before entering a position
that way you know your risk is priced in already, and then its a matter of waiting and waiting and waiting too see the stock pops. if it pops, its usually a vertical line up and very short lived. you have a small window of opportunity to take profit
price action doesn't really make sense to me, nor does waiting a long time for nothing to happen
I know better now on how to play these stocks at least
highly speculative, literally bottom finishing the lowest of the low
strategy: looking to see that it is holding its 52 low for a good few months before entering a position
that way you know your risk is priced in already, and then its a matter of waiting and waiting and waiting too see the stock pops. if it pops, its usually a vertical line up and very short lived. you have a small window of opportunity to take profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.