How to Chase a Rapidly Rising Stock

December 17th, 2013
in contributors

Written by , Zentrader

It never reached our previous buy target so I'm adjusting it.

When a stock makes a big move it is sometimes not the best thing to make aggressive bids to buy.  This article recounts a particular example of a process that has taken more than a month to play out so far without yet getting a positive result.  Being patient doesn't pay quick dividends and sometimes pays nothing.  But avoiding buying a rocket just before flame-out requires a process such as this even if some buys are never made.

Follow up:

Dec 12 Update:

gogo

Nov 16th update: buy target for GOGO

gogo

Nov 13th - GOGO has been one of those stocks that when I look at the chart it's not quite a stock that I want to buy anytime soon, but it's one that the strength is undeniable and when it has a decent pullback and goes off of all the momentum player's radar I want to buy into.

When will that be? It depends if it has a traditional pullback or a sideways pullback, but either way this needs to pull back in price or have some time pass before I'll be interested. The good news is now that this is a featured stock on the "Look at this Stock" so I'll be keeping tabs on it and updating you when I think it's a buy.

Recent IPO has a significant case of negative divergence.

gogo















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