Stop and indicators

Labu indicator

gchu

GIMO stop is $43.50, 9/1 it went down to $43.27, if I used HB stop,  I would have exited already and lost $2+ per share,  but I changed stop to a little bit lower,  so it survived,  and it is back to $44.53. Just wondering can change stop a little lower.

Same thing happened to PBYI twice,  it went down to $55 range and came back to high as $60+, but stop is set at $56. So it seems to me,  if lower stop 50 cents per share makes a big difference.  Just my observations. Any thoughts?
21:46:44

billy49

I'm in both made alot of money in pbyi, in and out 5 times held gimo still waiting.  MY perception is HB gives great ideas on swings but nobody gets them all right all the time and sometimes we have to make our own adjustments and decisions. I think these are 2 great swings. just my opinion Good Luck!
22:08:03

gchu

It also happened to LNTH, it stopped out then came back. I did not buy that one, but I watched.  do have time to do a statistics of all suggested pricing and results. But I watched these three.
22:20:20

FlowerGirl

gchu, I agree with you. I was also in PBYI and got stopped out for a small gain.

But you have to realize that HB initially provided the swing on PBYI at a much lower price, at $41.60. So to get stopped out at $56 would still be be a $15 gain per share.
22:20:35

billy49

I got stopped out on lnth and never went back in. I've been kicking myself because it has since been succesful. I would agree there are a lot of potential trades  and you can't take them all.  All in all  I consider myself fortunate to have found the site.
22:30:22

gchu

I bought at PBYI at $41.59 way back at 7/28 when HB put it out. So watched this stock for a long time. Amazing stock. Especially this week, after I sold at $60+ and in a minute or two, it dropped to $55 range. I was amazed about the timing. Trading stocks is a very dangerous game. You thought you win, but the next minute the $$$ just like a bird flying away.
22:41:56

FlowerGirl

OK, wait. You bot at $41.59, you sold at $60, and after you sold at $60 it fell to $55.

What are you complaining about?!
22:44:29

gchu

I in and out several times, not complaining, just share thoughts for possible improvements.
22:49:19

billy49

If you figure out the absolute best ones I'm all ears.
22:54:26

FlowerGirl

Well, my take on PBYI is that it is the next major biotech takeover candidate over MDVN. It sitting at around $57-$58, but the all time high is above $250 less than 2 years ago. There are only 32M shares outstanding and 99% are owned by institutions, so the float is very small. The price will be volatile, but this thing could shoot up big time...but it may take some time.

I bot MDVN in early May in the $50s and held it until the acquisition by Pfizer was announced, sold at $80.50. I'd like a repeat with PBYI.

The other biotechs that could be takeovers in my opinion are NKTR and EXEL.

Takeover candidates in other sectors include CY, MRVL, SHOP, RDCM, SSTK, and CRNT. All have good charts and have been covered by Harry.
23:13:18

Slider

HB's stops may not be perfect but they will save you more times than they stop you out prematurely.
23:21:43

gchu

Thanks FlowerGirl. very educational.
23:26:04

Ernie

When you hear HB talk about a chart, usually he will phrase it as "Stop Under" meaning that he is indicating the support area and you should stop under it allowing for expected volatility. There are a lot of useful volatility indicators such as Bolinger bands. I usually look for the features of the chart that show why HB chose that line as support and then go under that by an amount that depends on how volatile the stock is. That amount will be very different for, say, a thinly-traded, low-cost biotech than for a heavily-traded, high-cost consumer defensive issue and so on.
00:18:00

BK

LABU is an indicator of Bios...follow LABU for most Bio's directional movement