Check out that chart on SNDK.
What a shame.
There are many stocks like that.. Check out 52- week highs list from
Same stocks day after day make new highs..
Charts don't get any better than that one.
Looks like its about done for now.
That's exactly the kind of thinking that makes us miss those moves.. It seemed it was done one month ago, too..
Look at the weekly chart, it can go so much more.. October 2000 highs should be tested at 70..
I bet a lot of bears shorted the high volume gap in April, I used to do it..
What the hell did we do wrong to miss this kind of a move? On so many stocks? The best buying opportunity of the year?
Crash Complex ! The best buying opportunity was the time they look very sick, but at that time everyone was expecting crash, don't we remember Arch Crawford call, a 100 % probability of crash due to some planet angles... I personally bought it, never again !
When it starts moving it moves very fast, everyone hesitates to buy high and so the story goes..
Last year I remember we used to have so much fun with IBD's high volume breakouts, shorting them was the money trade, this year seems like the joke is on bears..
And the year before that was the October lows?
And the year before that the 911 lows?
Spectacular moves each year.
We don't need to buy the bottom, opportunities are there every day..
How do we make sure we don't miss the next one?
This is a bear board, I am not at liberty to tell you !
How do we make sure we don't constantly short into a Parabolic Blowoff like we may be experiencing now?
By shorting only the stocks lagging, that are sold on high volume in confirmed downtrends if you absolutely have to short..
It's not gonna give the same high as shorting EXPE, PNRA or any other high flier though..