unwize

Buying stocks since 2003

[unwize @unwize2]

@CFlanders7 In his book "Natural born winners" Robin Sieger points out the average child falls over 240 times before learning how to walk. We are all born with a determination to succeed, sadly most lose it over time. How many adults will keep trying after failing something 240 times?

[unwize @unwize2]

@RichardMoglen @Deepvue $MU, what a loser. $SNDK is up 3900% in 43 weeks.😆

[unwize @unwize2]

@CFlanders7 Pullbacks are difficult to hold because they work geometrically against you (like losses). If a position is up 100% and then pulls back 25% you have just lost half your gain.

[unwize @unwize2]

@CFlanders7 I completely agree holding big winners is the hardest part. (I have zero problems obeying stops) Bought MU 22nd Apr. Sold half at 35%/9R gain. Back half still held. When a stock rockets up stop placement gets tricky, the 10/20d sma are a long way down.

[unwize @unwize2]

@CFlanders7 The opening 5 minute range was about 9.5%. Did you take a 9.5% stop on your buy?

[unwize @unwize2]

As I type (5:38ET) both TradingView and IBKR show INTC @$99.82 pre market. But TV has volume @ 1.35m and IBKR has volume @ 224m. Which is correct? I am seeing this huge vol difference across lots of stocks. MU, SNDK, NVDA, AXTI, CRWV

[unwize @unwize2]

@RichardMoglen SNDK guided Q3 EPS at $12-14 only 3 months ago. Reported $23.41 which is up 277% Quarter on Quarter. Guidance for Q4 is 10-11,000% higher than Q4 last year (not a typo) and higher than current forecasts. WTF is it falling? No position

[unwize @unwize2]

@CFlanders7 Those losses are minor today. RMBS slight EPS miss down 25%, NVTS has not issued any news today and its down 18%. If big gaps on no news scare you don't look at VISN.

[unwize @unwize2]

@MarkRitchie_II A lot of the handles I am seeing aren't very tight. E.G the handle MU formed is about 7.5% high to low. No way I am taking a stop of that size when my win rate has been low this year. No obvious place to set a staggered technical stop. I don't like using mathematical % stops.

[unwize @unwize2]

@thelaptoplegend Thanks for replying. To my eyes it looks like buying the breakout of the flag at 10:30 required a technical stop of about 8% which is larger than I will use on a intraday entry.

[unwize @unwize2]

@RichardMoglen @Deepvue Hi Richard, March 20th wasn't the highest volume day. On Jan 29th Vol was 15.96 million. For some reason the IPO charts on Deepvue often are missing the first day of trading. I have seen it before.

[unwize @unwize2]

@MarkRitchie_II You could add SNDK/STX/WDC to your datacentre picks & shovels leadership list, all made a new ATH. They have been forming bases since start of Feb but none of them have setup a tight entry/pivot. I do wonder why MU is lagging, until mid March all 4 moved in a similar manner.

[unwize @unwize2]

@dimasakian @MarkRitchie_II Personal choice. I tend to look at 5min or 15min for intraday charts as the 1 min is often noisy but you get more detail than a 30 min+ chart.

[unwize @unwize2]

@CFlanders7 In his book "Natural born winners" Robin Sieger points out the average child falls over 240 times before learning how to walk. We are all born with a determination to succeed, sadly most lose it over time. How many adults will keep trying after failing something 240 times?

[unwize @unwize2]

Where an EP/earnings gap happens on the daily chart matters. ZVRA posted very strong EPS/Rev numbers and had huge volume yesterday. It still failed. Look left on the daily chart and you can see lots of potential supply. Trapped buyers took the opportunity to sell. I didn't buy.

[unwize @unwize2]

@Deepvue Why aren't stocks like XOM, CVX and COP in the oil & gas group?

[unwize @unwize2]

@PradeepBonde ROIV is the type of EP I prefer. In stage 2, 15%+ gap to new high, strong volume in first few minutes/all day and most important 5 min opening range only 3.15%. I am still holding from 6th Feb. Currently 6R trade.

[unwize @unwize2]

@PradeepBonde Ep's have been difficult to trade with tight risk. E.G BW, if you bought 1 min ORB you would have been stopped out. 5 min ORB required 13.7% stop. Same with ALTO, 1 min ORB stopped, 5 min ORB needed 22.7% stop!

[unwize @unwize2]

@CFlanders7 It's a flag but not very tight. The pullback was 25.49% ($725-$540.14).