njstacked2 Posted October 8 Report Share Posted October 8 Ok..yesterday I was correct VERY CORRECT! Today I like CSGS....I just got filled @ 9.36....x 3000 shares......I have a tight spot at 9.00........I feel after the selling today it will Gap Up @ least a point......We will see......I am shooting for .50-1.00......Time Frame of 1 day........I caught several large sellers and monitored this thing all day....i imagine traders will be buying the close covering their shorts.......Good Luck. Quote Link to comment Share on other sites More sharing options...
calebb Posted October 8 Report Share Posted October 8 bro, this is very risky imo. most covering probably came immediately after the gap down. But, even after that, the stock cracked down another 2 points. thats some real selling. also, the QQQ's arent look very good right now either. i would def trail that sto alittle higher Quote Link to comment Share on other sites More sharing options...
njstacked2 Posted October 8 Author Report Share Posted October 8 This is a PROFITABLE company being overpunished today for a court ruling that was questionable at best? LOL This is great, after all the weak hands are sold out we should be seeing some nice returns in the near future. I think this just got overblown due to stops, shorts, and a down day in the market. Fundamentals here remain strong, hopefully in the next couple months the company can work out their issues with comcast in a mutually agreeable manner. As always it's hard to find buyers on a day like today. When people get their heads together, the stock will regain some significant value. The news that came out today really doesn't justify more then a 20% cut in the stock price. I really like this I realize that my Stop is a llittle (risk/reward) but I do not want to be whipsawed. Quote Link to comment Share on other sites More sharing options...
njstacked2 Posted October 8 Author Report Share Posted October 8 I just feel like shorts will cover and the general public sell off is over. Quote Link to comment Share on other sites More sharing options...
calebb Posted October 8 Report Share Posted October 8 Oh, so you're in this for the long term?If thats the case then I would be alittle more lax with ny stop.Long term changes the whole scope of things but short term?Very risky Quote Link to comment Share on other sites More sharing options...
njstacked2 Posted October 8 Author Report Share Posted October 8 No but I do have a long term approach if this thing does not bounce today or tomorrow. If I find support at these levels I will cut position in half and hold it for a few months. Quote Link to comment Share on other sites More sharing options...
njstacked2 Posted October 8 Author Report Share Posted October 8 Honestly, watching this POS trade is a text book example of tape reading. Quote Link to comment Share on other sites More sharing options...
carguy19 Posted October 8 Report Share Posted October 8 I looked at the Dow and nasdaq today !!! Whats up guys Quote Link to comment Share on other sites More sharing options...
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