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Top Stock Picks Portfolio Comments2022-11-08: We have a signal to move out of **** and into ****. Current Stock Portfolio Positions: |
| | Stock Trading Strategy Q&A View Select Entries from Our Mailbag. Also See Our Q&A Page.Q: Hi GSA: I'm on the trial period. I saw that **** was the top stock pick on 5/19 at 10.23, but your stock trading strategy ranks it as B+ with 52 week highs on low volume, plus today's fall on triple volume compared to its average volume. Does this mean that institutions have starting selling it? Should I take profits now because **** has exceed your profit range 20-25% or should I put it on hold? I have learned that when a stock forms a long base it signals that it has strong support. **** has a 28-36 week base, is it a long base? It has pretty slow volume on its handle, with some high volume on its breakout. Even last week it traded more than 1.5 million shares. Does this mean more institution were buying this stock? So what should I do now to avoid losing my profit? I guess I am looking to fine tune my stock trading strategy.
P/S I really enjoy using your site, and am thinking to renew it for half a year. Looking forward to your help. A: Yes, We saw the high volume selling on ****. We cannot advise you on whether to hold or sell. However, here are some things you should consider in your overall stock trading strategy. **** doesn't have excess institutional support, so there is less chance for large-scale selling. The long base breakout on **** was a great chart pattern. Our experience has been that longer the base, larger is the % price move once the breakout happens. Sometimes our ranking will fall when the stock appreciates a lot. A B+ is no reason to sell. There are other positives - great analysts rank, deep discount from a valuation standpoint, great accumulation, etc.
We'll be watching the action in the next few days to see if we get other sell signals or we see strong volume updays, which would cancel the action we're seeing now. Our strategy is to hold **** at this point.
Best regards,
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