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View Full Version : CPST, there ya go

TheChartGuru
09-29-2005, 10:52 AM
This is what we wanted. The stock fell under $3.50, volume increased the last 3 days as the stock went down (remaining scared hands) now it will reverse and go up. Here we goooooooooooooooo.

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jacobnbr1
09-29-2005, 11:05 AM
it is being sold by a mutal fund right now. not sure if this is the bottom. may be a trap.
TheChartGuru
09-29-2005, 11:11 AM
It's up 11% already! Trap or not it doesn't matter. It was OVERSOLD. This is the point I'm trying to get across.

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TheChartGuru
09-29-2005, 11:15 AM
Resistance at $4. If it holds above $4, then $4.50 is next! Ca ching

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optimus25
09-29-2005, 11:44 AM
That's the tricky thing jacobnbr1. Stocks don't really do what you think they'll do. Even in light of the news regarding the rebalancing by a fund company a stock will still go up based on tcg's criteria's of oversold and support. I certainly would be unable to stomach all the movement but a daytrade of 10% is brilliant.

Its important not only to have trading strategies in place but also to stick with them.