Comments on: Stages of a Stock Breakdown http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/ Sat, 13 Mar 2010 03:09:49 -0800 http://wordpress.org/?v=2.8.2 hourly 1 By: Eric http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/comment-page-1/#comment-17304 Eric Thu, 13 Mar 2008 12:29:50 +0000 http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/#comment-17304 Thanks Chris. Just a big mistake on part for holding as long as I did. One of those situations where I kept waiting for the bounce that never came. I guess this will be the stock I learn from. I took my losses yesterday and have moved on and will try to never make the same mistake again. Great site! Thanks Chris. Just a big mistake on part for holding as long as I did. One of those situations where I kept waiting for the bounce that never came. I guess this will be the stock I learn from. I took my losses yesterday and have moved on and will try to never make the same mistake again.

Great site!

]]> By: Chris http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/comment-page-1/#comment-17291 Chris Thu, 13 Mar 2008 00:57:31 +0000 http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/#comment-17291 Eric, you may trade for the long term but I don't understand why you held after the 200-d m.a. was violated. I can see holding from highs, back down to the 200-d but that is my mercy point when I am long. I liquidate after a break below this line, regardless of what the fundamentals say. The next support area is above $19.75, after that, the bottom could drop all the way down to the single digits (with some support of the $15 area). Eric, you may trade for the long term but I don’t understand why you held after the 200-d m.a. was violated. I can see holding from highs, back down to the 200-d but that is my mercy point when I am long. I liquidate after a break below this line, regardless of what the fundamentals say.

The next support area is above $19.75, after that, the bottom could drop all the way down to the single digits (with some support of the $15 area).

]]> By: Chris http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/comment-page-1/#comment-17290 Chris Thu, 13 Mar 2008 00:54:37 +0000 http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/#comment-17290 Arekay, Yes, AMZN is another stock that qualifies under the rules I have been using with shorts (10-week and 30-week moving average. Arekay,
Yes, AMZN is another stock that qualifies under the rules I have been using with shorts (10-week and 30-week moving average.

]]> By: Eric http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/comment-page-1/#comment-17264 Eric Tue, 11 Mar 2008 21:04:07 +0000 http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/#comment-17264 I own a stock that probably fits this category....SIGM. Problem is I really like the company and the fundamentals but the stock has been killed since January. Any thoughts on this one? they have earnings tomorrow. I own a stock that probably fits this category….SIGM. Problem is I really like the company and the fundamentals but the stock has been killed since January. Any thoughts on this one? they have earnings tomorrow.

]]> By: Arekay http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/comment-page-1/#comment-17261 Arekay Tue, 11 Mar 2008 18:43:28 +0000 http://www.chrisperruna.com/2008/03/11/stages-of-a-stock-breakdown/#comment-17261 I see that AMZN has the 10-week MA cross the 30-week and the slope of both is down and the price below them as well. Of the 4 horsemen, AMZN is still aloft. Time to short? I see that AMZN has the 10-week MA cross the 30-week and the slope of both is down and the price below them as well. Of the 4 horsemen, AMZN is still aloft. Time to short?

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