Missed move

QUESTION

Brian

Was looking at OSUR for a long position but missed the big move
Im very hesitant to get involved after missing this any advice on
how to play this one would be appreciated.

Stan

ANSWER

Stan,

It looks like you missed the move in OSUR and you are going to have to accept that. I still consider the stock to be suspect because the direction of the 50 day MA is still trending lower. It sucks to miss a move in a stock you have been watching closely, but there are over 5000 other stocks out there, move on. OR….if you HAVE to trade the stock, wait for a pullback to setup a low risk entry point.

Brian