Long NTIC @12.60This idea is a little bit risky given the price action lately and that they just missed earnings, so I would actively suggest just spectating on this one and letting me take the risk.
It has produced 8 oversold signals in a row and counting - luckily I wasn't trading the stock yet or that initial lot would be down almost 30% (this is why I don't like trading close to earnings). I'd be a hypocrite, though, if I didn't take the trade. Hopefully the bad news is out now past earnings and it'll get a bounce here soon.
Counting the 8 current open positions that are losers, the average trade is -2%, but up until now, it's average return was 7.6% with a 12 month return of 1.51x lot size. The average %return/lot/day held was a solid .34%
Same rules as always - I'll add when oversold, sell any lot when it closes overbought and is profitable.
I will update on my progress on this one. Wish me luck - this could either be a quick win or a long, slow, stressful trade.
Disclaimer: my posts are not investment advice, they are edu-tainment. If you decide to trade along with me, and things go sideways, that's on you. But if you must, I hope you win because that means I'm winning too!
