RMO had a giant performance today. This stock has been getting absolutely stripped for parts lately. Interesting to see if the sellers come in to knock it back down. If they don't, get in!
When it comes to picking my stocks I'm a cheap _______ so I won't take it unless it comes back to the level of the breakout. Too many stocks out there not to take perfect setups.
Sometimes this type of buying is met with the hammer, sometimes it's met with rabid buying crowds. If it doesn't get knocked down soon, look for it to be a good bet going forward.
I will be watching.
When it comes to picking my stocks I'm a cheap _______ so I won't take it unless it comes back to the level of the breakout. Too many stocks out there not to take perfect setups.
Sometimes this type of buying is met with the hammer, sometimes it's met with rabid buying crowds. If it doesn't get knocked down soon, look for it to be a good bet going forward.
I will be watching.
Comment:
I still like the stock. I still don't like the stock. If I was going to go long, I would need to see another bump higher and a tap lower. The triple tap at the base is something to look out for. And I am practicing my patience today.