Stocks

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Submitted by moneymaker on May 3, 2018 - 10:48am

Anyone else taking this opportunity to pick up 52 week low stocks?

Submitted by The-Shoveler on May 3, 2018 - 12:00pm.

In my paper account I bought spy at 261.20 with a trailing stop of 3 trying to play the bounce off the 200 day.

But it is just for fun, no real money.

Submitted by carlsbadworker on May 3, 2018 - 12:10pm.

I think you have serious investment strategy issue if you focus on picking up 52 week low stocks in a bull market. They are 52 week low for a reason.

Submitted by moneymaker on May 3, 2018 - 2:35pm.

Buy low, sell high! The best strategy I know. I'm looking at ATT i.e. T right now.
How low will it go? I bought some at 33 and 32, will probably buy some more tomorrow or?

Submitted by ucodegen on May 3, 2018 - 7:38pm.

Usually 52 week lows are low for a very good reason and any increase will come slowly. I look for good stocks that got beat down with the masses, so I am looking in the region of 3 mo low with increasing revenue and income.

Submitted by moneymaker on May 3, 2018 - 10:22pm.

ATT has fiber they are working on 5G they have been around forever and are pretty much nationwide. The cons are that they are losing video customers most likely landline customers and they are unionized oh yeah and they have horrible billing practices and suffer from corporate red tape. If they could buy Time Warner and maybe gobble up some cable companies they would be supremely positioned. My first experience with solar was from a Bell Labs kit. I have a limit order to buy some more!

Submitted by The-Shoveler on May 8, 2018 - 11:38am.

The-Shoveler wrote:
In my paper account I bought spy at 261.20 with a trailing stop of 3 trying to play the bounce off the 200 day.

But it is just for fun, no real money.


So now I sold/"and sold short" SPY at 266 (stoploss of 3) to play the bounce off the 50MA.

(in paper account so maybe does not really count).

I figure if this keeps up the 50, 100 and 200 MA are going to merge LOL.

Submitted by The-Shoveler on May 9, 2018 - 2:36pm.

Oh Well Got stopped out, still up overall.
(just paper account).

Maybe it can break out again, we will see I guess if it goes through the 100 day MA.

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