Originally posted by: Azurik
<blockquote>quote:
Originally posted by: Lothar
<blockquote>quote:
Originally posted by: Azurik
As for these whacky buys, I base them on unusual volume base build up. That is, when a stock that is usually stagnant gets a huge volume increase for a few days and then settles for a bit. That base volume looks like it never got sold, it just sits there. It begs the question as to why that build up is taking place without selling involved. Investigate, stay alert and hop on the train of success.
They are not overly long-term buy and holds. Once the data says the stock will taper back to the original pre-base build up price, I will sell.
I guess you can call it a very unorthodox way of making money, but it works, and compliments well into my retirement portfolio.
There are going to be times when you are wrong on the call, but the losses are minimal because you can spot trends.
And who can complain about a sizable gain in a matter of months?</blockquote>
Interesting analysis.
Looking at the "On Balance Volume" chart, I think I see what you're talking about.
http://moneycentral.msn.com/in...symbol=RRPH&nocookie=1
I wonder what triggered the rapid RRPH sell off that plunged the stock down the past 3 days?
I haven't seen any meaningful in the news that could have caused it.</blockquote>
I didn't sell at the top. It was $3.09 the day before and I had considered selling it to lock in a 18%+ gain in a month's time. I got a stock volume alert the next morning and was able to get out at $2.90 - still a considerable gain. It looks like RRPH's base is broken, and I don't see any meaningful run like we had before as of right now.
I'm still in BDYT, waiting for it to make a move one time or another. Like RRPH, there's been a big build-up a couple of months ago and the stock has gone up since, but nothing too noteworthy in comparison to the share hogging that was done earlier this year.