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View Full Version : OSTE Question for ChartGuru



jeffwils
02-14-2006, 02:07 PM
I hope you dont mind me asking you a question. I see from one of your posts you bought OSTE at 4.19. It has gone down to 4.11 as of Tuesday. I bought in at 4.21. I see support at 2.70. My question to you is when do you pull the plug on it if it keeps going down. Do you hang onto it until it bottoms then ride it up later on or do you domp it and wait for it to bottom then buy at the bottom? I have had nothing but bad luck the last week. Every time I sell my tanking stock it goes right back up almost immediately. I think my emotions are geetting in the way and I am a little punchy from loosing so many days in a row. I have read a lot of your posts and understand a good part of what you are saying. I bought a course on day trading that covers a lot of what you are saying. I need to read it a bit more in depth to get as much as I can out of it for sure. My point is...I came here to profit...not take a whippin. It just doesnt seem to be playing out and I think I am getting to emotionally involved in it. The ticker stays on my screen all day and I swear I watch it penny by penny and I think that might be the reason I sell so fast when it goes down. I had 1000 shares of AMR when it was at $11 and some change. I watched it all day for 3 weeks as it swayed back and forth...I got sick of loosing on it so I sold it. It's at $24.00 now. Nice way to kiss 13K goodbye. Thanks for all of the posts and the help you offer to all of the members.

zyzzyva57
02-14-2006, 04:33 PM
Below both its 50 day and 200 day MA. Its RSI is below 50. The market rallied Wed and the stock on Yahoo closed at 4.16 from the previous day's 4.13. As I see it, I would not consider the stock until its broke its 52 week high of $6.15. If I owned the stock, I would put a tight 3% Trailing sell to get some added coins before it heads south. Maybe the market will stay up a while for you to ditch with some profit. There are too many good stocks to gamble on than this one.

TheChartGuru
02-14-2006, 09:10 PM
Jeff, I still own and like OSTE. I like the chart. It has strong support at $4. It looks like it is consolidating at this level. If you look at OSTE's 10/d hourly chart you will notice that it actually closed above its MA(50)/hourly. Today OSTE went as low as $4.03 and bounced nicely despite low volume. OSTE reminds me of ONXS and look at what it has doen lately.

The Guru has spoken