Trading Right At Resistance | Bulls on Wall Street

Trading Right At Resistance

Just churning a little here the market is sitting right at resistance and without some good news there is a good shot we just float back towards to bottom of the trading range.
 
Till the market either breaks out and punches some people in the face or breaksdown and kicks us in the balls.  Just play the range.  Right now the risk to reward favors just floating back down to the bottom of the range. When buying or trading stocks ranges are important. Even the great fundamental traders that never look at charts like sg always have an eye on ranges.
 
So for now I will reduce my position size in 1/2,  I will scale in buys to 1/3 position sizes (which I have been doing) , and spend the rest of my days building watchlists and looking up Ukranian mailorder brides for @jweaving . Its a great time to relax a little bit and enjoy profits.
 
in the meantime I have added a small amt of $dsco $simg and $mpet
 
 
$simg Check the chart its rounded and ready to go.
 
 
Finnies: $simg
 
Income Statement
Revenue (ttm): 174.45M
Revenue Per Share (ttm): 2.339
Qtrly Revenue Growth (yoy): -52.20%
Gross Profit (ttm): 160.69M
EBITDA (ttm): -27.84M
Net Income Avl to Common (ttm): -57.16M
Diluted EPS (ttm): -0.77
Qtrly Earnings Growth (yoy): N/A
Balance Sheet
Total Cash (mrq): 153.22M
Total Cash Per Share (mrq): 2.036
Total Debt (mrq): 0
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 5.543
Book Value Per Share (mrq): 3.102
 
Oh yeah I like $sorl on pullbacks to……The boom factory was buying it 7.40-7.50 we have unloaded most of ours around 8 bucks.  I still have 1/4 pos left will rebuy lower.
 
Look at $caas $watg 
 
$sorl a now brainer and its chart says Im getting liquored up and ready to get loose.
 
 
 
 
 
 
 
 
 
 
 
 

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