DCN

[TheChartGuru]

There ya go...it took a few days, but it is now taking off :D


The Guru has spoken

[stockviper]

Nice Jump

[xboilermaker]

Didn't want to be a pig and got out at 4.55, and as usual, not patient enough. Wish I would have traded something else for GNTA.

[Kevin Wong]

Thanks for the recommendation, Guru. I'm up 3% with DCN, do we have any predictions to where this will likely go? I haven't developed a good sense of buying at the bottom and it's totally affecting my profits.

[meth]

i was just going to look for the old thread to bump for you TCG. good call.

damn, i wish i had picked up that JNPR.

[TheChartGuru]

DCN has some resistance around $5 but it also may fill the gap down from 1/28/2006. Once it clears that hurdle, it can run to $6.50. Remember, I want my 10% and I'm out. My average cost is $4.70.

The Guru has spoken

[meth]

newb question, but when u guys talk about averaging down, i am guessing here, but is this what you are doing?

1. buy a stock you think has bottomed out. example 100 @ $4.50
2. it ends up dropping some more to lets say 100 @ $4.00, so you guys buy more.
3. average down = your avg purchase price of 200 @ $4.25.

that is my conclusion, let me know if that is right or wrong.

[TheChartGuru]

Meth, that is absolutely correct. However, averaging down is very dangerous and most experts do not recommend it. Do not keep buy a stock that is tanking. I rely on my crystal ball to guess the bottom of a stock. Unfortunately, I tend to jump the gun a bit like I did with DCN and have to wait a week for a move up. IMMU was a a strong buy when it formed a doji 3 days ago and see what happened today. So most of the time I don't average down. I have a watch list and I buy a stock when my indicators show strong signs that the stock will go higher.

Keep an eye on ONXS :wink:

The Guru has spoken