ASTROBULLISH: SYNM: Time to take another look.

Wednesday, March 31, 2010

SYNM: Time to take another look.

Today SYNM put up several flags that I like, but in addition to those, I consider the stock to be a "message board stock." These cult followings search for and locate even the most minimal stock related and industry news. Additionally, and favorably, for the swing trader they often over-value news in search of the huge one day gain and can't stand the idea of their precious issue dropping over time. Momentum with these is the key.

Flags:

Inverse of the pattern mentioned in ZION here,
a potential gravestone bottom signal,
noticed this article ( http://www.feedstuffs.com/ME2/dirmod.asp?sid=F4D1A9DFCD974EAD8CD5205E15C1CB42&nm=Breaking+News&type=news&mod=News&mid=A3D60400B4204079A76C4B1B129CB433&tier=3&nid=5227D266F295425D9AFD8CEAAAEDBD8D ) come across the twitter stream from one of the Bulls on Wallstreet followers,
increased attention in the news to the daily gyrations in crude,
President Obama's indication that offshore drilling was now going to happen.

Daily chart here:

On Trading

Truth — more precisely, an accurate understanding of reality — is the essential foundation for producing good outcomes.

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Good traders do not spend much time caring whether an institution or HFT is trying to game the system. They just decode the pattern and find ways to profit.

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Know where you are getting out if you are wrong. If you can answer [this], you will trade with confidence.

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Misallocation ...

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Fractal Fathering

- Buddy, if you push hard enough, that star will go through the square opening, but generally if you have to try too hard, you're probably not doing something right.

- Start out calm and purposefully, then dial it up from there.

- Try restraint and the art of communication without drawing a defensive response.

- In pursuit of your goals, there you will find happiness.

- Tell you what Buddy, most of the problems you run into with baseball will be fixed if you keep your eye on the ball.

- The very first thing you think - don't say that.

- If you don't know what it is do not put it in your mouth.

ASTROBULLISH

Wednesday, March 31, 2010

SYNM: Time to take another look.

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