3SOF

I've made a good trade on ABRX stock about a month ago: ABRX: strong short covering on the way

At this moment the chart looks even more promising for a big short covering rally than before. All the bad news is out I believe. Now we have a support in place, so there's plenty of technical motive to rebound (I don't know about fundamentals):



Look at the white candle coming out of support and volume increase. I'm buying ABRX at today's open, as always, 6.66% of global portfolio.

If you want to know more about the company and it's current troubles, please check their website

Everyday I will analyze ABRX after the market close until I sell the stock. I always tell I'm going to sell before I actually take action. You just have to follow the answers to this post.

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Thanks David.  I am excited about the upside on this one too.  Will be in this morning as well.

Hi David,

Really like what you are doing on the site.  Question, when you are buying on the open, are you going in MKT or is there a limit?  What price should we be going in??
Thanks

I usually buy at the market, I just don't like to buy on a big gap up at the open (when the open is higher than the previous day's high), only when I have strong reasons to do it, like it happened with the IIJI trade where I bought the stock rising more than 11% in the pre-market.

Good luck !

Yesterdays 60min chart

Hi David,

I am unsure of your comment above.  Did you put in an order for "market" at the opening or did you wait a few minutes to see if the price would come down before putting in an order?

Rocket8

I bought at $4, the open price. Since the open was so high it is natural for the stock to pullback a little.

But I can't tell how to put orders or the specific price, that just comes with practice I guess ... when I say «I'll buy at the open» it is because I'm going to buy at the open, with a limit order but above the expected open price given by the pre-market.

In at $3.85 and $3.95.

I got no alert email today  Any reason Why???Thanks, Bob

In at 3,80

Thank You for your great site David.
Think You´re right, the bad news are out.
They have "only" a manufacturing problem with their drugs.The drugs are already approved by the FDA. I think it is only a matter of time when they will be back to the market with their products.

Quote from: bob839usa on June 23, 2005, 10:57:24 AM
I got no alert email today  Any reason Why???Thanks, Bob

They've got problems with their mail for some reason. Shucks! I've ONLY had TWO since joining. I'm sure it will smooth out in time.

I am in ABRX ..... Sounds winner

Quick 5% cash.[/u

No time to update, keeping the stock.

Quote from: bob839usa on June 23, 2005, 10:57:24 AM
I got no alert email today  Any reason Why???Thanks, Bob

I haven't received any email last couple of days either.