$AMCC - Strong Short Sell opportunity in my opinion -
research:
up 49% in quarter on light news
Revenues are decreasing Quarterly compare
Loss is widening
11% Short Float
1st Significant red day 6/19 (as of 1:27) after this run up
Hanging man Doji with a Red confirmation signal - The confirmation level is defined as the midpoint of Hanging Man’s lower shadow - COMPLETED on 6/19
Would love any feedback!
Posted Jun 19, 15 1:29 PMbyStitchTrade1
Tickers
AMCC
cracked Low of Day!
As the new boy all double dutch to me at the moment :-)
Gordonmartin - I am new-er to Shorting as well. I look for big run ups with little or no justification, and I also like Technical Analysis and charts to show or validate what I think. There is a good site if you are new to chart patters - http://www.candlesticker.com/BearishPatterns.aspx?lang=en
Thanks for the vcomments, most helpful. I lost about £1500 stg on options in the 80's and have not been back since. I like this type of trading and do want to learn to do it well, and make it into a full time thing. Nothing worse than losing money more than gaining. Pleasure to meet you, Gordon here in Northern Ireland
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