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:


Nov 16th update: buy target for 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.


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved