A gap of this magnitude hurts financially and emotionally. When a stock we are holding overnight gaps lower we treat them all the same, regardless of the size of the gap.
We, give it a few minutes to establish if it can get above vwap, if it can, we then use the low of […]
In Monday nights webinar (SEE RECORDING HERE) we spent a good amount of time talking about why we DO NOT set our stops until AFTER the market has opened and settled down for a few minutes.
On Tuesday, morning two of our overnight stocks opened below our suggested stop levels but we did not execute the […]
On Monday Morning I was asked about PBYI as a purchase candidate at (point A) on the chart. The questioner mentioned that the stock had traded as high as $100 pre-market. My response was, the stock is below declining vwap and do not want to purchase at that time. About 30 […]
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Eleven years ago today, I wrote my first blog post on Alphatrends. I have been very fortunate that my work has been valued by readers and to have made it to this milestone. As you probably know I like quotes and one of the quotes that I was lucky enough to value […]
As you probably know, Bill Ackman is the founder and CEO of the hedge fund, Pershing Square Capital Management. Last week, he gained a lot of press coverage for one particularly bad investment in Valeant Pharmaceuticals (VRX). By his own admission, the Valeant investment was “one very big mistake.” That might be the understatement of […]