JIVE Opened lower this morning, rallied for a while, but then closed flat on a volume of just under 1.2M shares. In contrast, yesterday's pullback occurred on 761k shares.
This is the nature of a longer term swing trade or an investment stock. There will be up and down days. If I were to use the watch list in order to watch for a dip and then the bounce then I could have gotten into this paper trade at 5.10 pretty easily yesterday and I would be 0.03 per share in the black. That's $30 on my 1,000 shares. It could have runaway without me too, but it's OK if you miss the entry into some trades. Don't chase the price.
If this makes my 5% minimum target then this will rally to 5.46 which would represent a theoretical $260 windfall. At 10%, my upper limit where I intend to take profit so as to protect my capital and my earnings from a sudden down-swing, this would be $520 (This is of course not counting the trade fees which can vary from broker-to-broker).
ALWAYS remember the power of COMPOUNDING. Every 5% victory I claim I can compound into larger and more stable stocks. My odds of a win at 5% are very good compared to trying to get 20-30% winner that are FAR more rare. Don't get greedy; Pigs get slaughtered.
JIVE
Open Close High Low
Monday: 5.20 5.13 5.27 5.11
Tuesday: 5.09 5.13 5.25 5.04
Wednesday:
Thursday:
One thing does concern me in the price behavior and that is the emerging dome pattern in the afternoon trading and into the close for the day. I would likely set a sell price of 1.21 before the open tomorrow so as to protect my assets. I would adjust that if the pre-market price shows a jump, but I wouldn't want to push a bad position. If that last arrow would have curved up instead of down, then I'd be more assured for tomorrow.
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