Showing posts with label types. Show all posts
Showing posts with label types. Show all posts

Monday, September 12, 2016

RGSE type


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mid May ... a delicate heel ... mid June, a point on a wedge ... and buying there would have produced a double in August, with a nice sell signal in the July top. (compare that to my comments on the March top in REXX. it's a puzzle. i think the REXX top pulled back more prominently, but you have to wonder whether that kind of thought can be meaningful. the idea is, sometimes you have to sell a sharp to right away, with the price down, and other times you can wait and sell at the top or even above it. can we learn to distinguish?)


early July, with the price under $4 ... i would have been saying it looked really good. scary, but very good. something about the way it meandered down from late June.


keep in mind - and that's an understatement - : stocks with the potential to double very fast also have the potential to become worthless really fast. you might end up with a double, or you might end up with a total loss. so, if you're right 75% of the time, you're a winner, maybe a big winner, but if you're only right 25% of the time, you're definitely a loser. if you're right 50% of the time, you break even, maybe. which will it be? we simply don't know. a system for note taking like this could possibly answer the question ... if your notes are very extensive. these notes here have a long way to go.


true, this here is two trades - mid June and mid July - both winners. still, that's a very small sample.


RGSE is currently working its way back to the July low, and i like it at that price. it should give some kind of signal, once it gets there.


the financials are certainly not rock solid, but they're not god-awful, either. it wouldn't take too much for them to be profitable and have a good net current asset ratio. they have what could be called a storied history - yes, this is the Real Goods we know and love. the founder is still at it, still laid back and smiling, and they've changed, adapted, too, it could be argued. back in 2013 a bump in revenues produced a monumental gain in the shares. it could be argued they're positioned for another such rally, or even more, and from a considerably lower price, now. certainly qualifies for my "buy a little low, sell at historic highs (or better, if things look good). if you're idea of "a little" is bigger than mine, you could make a big bundle in this. "a little" means a small part of your funds. for me, it means not more than a few hundred dollars, so this isn't going to make me an instant millionaire. for your short term plays, there are tops at 30, 40, 100, and 330, all levels to consider for taking profits, reducing or eliminating your risk, etc.


consider the (original) PSG post for a smidge more perspective, especially on the long term plan, and also risk, if you haven't seen it already

REXX type


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so ... it bounced off of 50 cents several times, and then it made a fat point, ending in a tiny green bar. then it tripled in very short order.


it more than tripled ... but the sell signal was the big red bar from $2 to $1.30, and after that you had to sell it for a triple ... or ride out the current low prices. true, on a weekly chart you can see that three bottoms in Summer / Autumn '15 marked a price of $2, and selling it at that price would have worked out beautifully.


REXX is set up very nicely right now. i think it's going to go back to $25, as shown on the monthly chart ... and pretty quick, so this is one for the PSG system portfolio, for sure.

QCCO type

it's a disaster because it went off the Finviz board ... but, actually, it's still trading, according to MarketWatch. well, it didn't trade today ... but ... until yesterday.
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as was the case with PSG, there was a cliff. it even had a long lower wick. it even made kind of a dew drop ... and then a dragonfly ... and then a tiny bar (red) ... but then it started to drop again.


then there was a big green bar down, a kind of heel. and then there was a red cliff again, on a smaller scale. then there was another dragonfly, and by this time there was a sturdy foot on the first cliff. and buying that second cliff (PNG was also a two cliff pattern) and the dragonfly would have worked out quite nicely for a three month double.


on the monthly chart, earlier highs have this set up for a 10x gain - conservatively speaking, selling at $4 - if we bought at 40 cents. read over the PSG comments.


QCCO is set up for a buy again right now. it's a different type, but the possibility of a price of $4 fairly soon is still in play.

PSG


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cliffs are a type, cliffs with long lower wicks are a type, cliffs with long lower wicks and little green dewdrops are a type, cliffs with long lower wicks and little green dew drops that then make a high spiky bottom are a type, cliffs with long lower wicks and little green dew drops that then make a high spiky bottom and then make another high bottom - after going sideways for a bit - are a type - cliffs with long lower wicks and little green dew drops that then make a high spiky bottom and then make another high bottom - after going sideways for a bit - and then make a point are a type ... the PSG type


i expect PSG to go back to its earlier highs, which you can see on the monthly chart, so $20, and the idea would have been to buy it at $2 - after it went did its cliff with a long lower wick, it's dew drop, it's three bottoms, and its point (but before it started going up). i've seen many examples of stocks doing just that - going to earlier highs after going to lows a fraction of those highs - but, since i don't know how reliably they do that, at all, and i do know, having seen it happen, that stocks that are at a fraction of earlier highs can become worthless, i am thinking in terms of a system consisting of making many small investments of this sort. if just 50% of them go to their earlier highs, it's quite a good system. ten $100 investments, say, risks $1000.


you might also have noted that PSG has almost doubled in a few days. if you could sell it very soon for a double, maybe you should. a double in a few days is a pretty exciting idea, and now, going forward, who knows what will happen. but the thing is, if your next such trade ends up becoming worthless, instead of doubling, your profit from this one is gone. one possibility would be to do two trades, one for a quick double and one for longer term large scale appreciation.


it took me about two seconds to find an example of the full buying patter: PVCT.

glri

i kind of picked this yesterday and look what happened! horrible! my results are getting worse!
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