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I'm not patient, for the most part.

Posted on: May 15, 2019 at 19:14:49 CT
scif MU
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Often, I only hold a stock for a week or two. If it moves opposite the way I expect, I may sell the next day. So, that disclaimer out of the way, regarding SCI, I am not sure which way it is going to break. It has the significant support of the 200 day moving average, but it has broken down below it slightly several times recently. It also could find support at $41 or $38. If you are really a fan of the fundamental story, at least you have several areas of support.

My personal approach would be to wait for it to break out over $43 to buy and ride it up to $45 or $46 and then watch for reversal patterns to determine whether to keep riding it higher, lighten my position, or sell altogether. I'm happy making trades that net 3 to 5%, although you hope for more, of course.
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Intel looking tasty right now. Nm - yy4u MU - 5/6 19:08:09
     Ouch. I hope you stayed away.(nm) - scif MU - 5/13 12:34:22
          I'm already long on INTc. I'll ride it out and - yy4u MU - 5/13 14:35:08
               At this point, it could find support soon... - scif MU - 5/13 20:31:26
                    I'm patient. How do u feel about SCI right - yy4u MU - 5/14 10:06:20
                         I'm not patient, for the most part. - scif MU - 5/15 19:14:49
                              I agree on your - yy4u MU - 5/21 10:31:52
                                   Well, only by $.02 - scif MU - 5/21 21:59:21
                                        There she goes! Nm - yy4u MU - 5/22 14:30:49
                                             Ha! I did look at it today and saw it was up. - scif MU - 5/22 18:58:00
                                                  Took the plunge today. It acted well on a down day. - scif MU - 5/23 15:12:54




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