FSDDF - Thoughts
Not a big fan of biotech
price action doesn't really make sense to me, nor does waiting a long time for nothing to happen
I know better now on how to play these stocks at least
highly speculative, literally bottom finishing the lowest of the low
strategy: looking to see that it is holding its 52 low for a good few months before entering a position
that way you know your risk is priced in already, and then its a matter of waiting and waiting and waiting too see the stock pops. if it pops, its usually a vertical line up and very short lived. you have a small window of opportunity to take profit
price action doesn't really make sense to me, nor does waiting a long time for nothing to happen
I know better now on how to play these stocks at least
highly speculative, literally bottom finishing the lowest of the low
strategy: looking to see that it is holding its 52 low for a good few months before entering a position
that way you know your risk is priced in already, and then its a matter of waiting and waiting and waiting too see the stock pops. if it pops, its usually a vertical line up and very short lived. you have a small window of opportunity to take profit
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