333% increase in 52 weeks. ITP.TO

[Lickyluciano]

Wow! What a chart! Mostly goes up 1% per day. What do you guys think? Stop trading and just jump on board? How about daytrading, buying at the open, out with 1% gain.

 

[Lickyluciano]

Sorry, my title should have read 433% increase in 52 weeks.

 

[NVP]

thats fine ...go and buy it and tell us how you do.....

is it getting hot in here ?

N

 

[Ross Spur]

Sorry, my title should have read 433% increase in 52 weeks.

What exactly is it that's getting bigger?

 

[trendie]

Wow! What a chart! Mostly goes up 1% per day. What do you guys think? Stop trading and just jump on board? How about daytrading, buying at the open, out with 1% gain.

What? This one?

INTERTAPE POLYMER Stock Chart | ITP.TO Interactive Chart - Yahoo! Finance

 

[Lickyluciano]

thats fine ...go and buy it and tell us how you do.....

is it getting hot in here ?

N

Is that your best thought?

 

[Lickyluciano]

What exactly is it that's getting bigger?

Did you look at the 52 week chart? It's almost a straight line up from lower left. Average increase 1% increase per day. Mostly up days. Are there any other current charts like this you know of?

 

[Lickyluciano]

The stock has been Increasing by 20% per month as of late. I don't have much experience trading these small companies. I have been watching this for a little over a month. It has green days even when the market is red. My my thoughts were to put a percentage of my account for a mOnth or two with a 2% trailing stop. My fear is waking to a huge gap down.
Any thought? Any trend followers?

 

[Lickyluciano]

Here is a prettier chart.

http://stockcharts.com/c-sc/sc?s=ITP.TO&p=D&b=5&g=0&i=0&r=1336919944413

(Looks like stockcharts doesn't want to paste their charts.)

 

[Lickyluciano]

thats fine ...go and buy it and tell us how you do.....

is it getting hot in here ?

N

Ok, bought 4185 shares at the open this morning. Bought in at $6.49. It closed Friday at $6.41 so it opened up 8 cents (1.24%) and currently trading at $6.58.

Not sure about the daytrading idea at this point. In for the ride. Analysts project this stock at $9.00

 

[Ross Spur]

Analysts project this stock at $9.00

That sounds worrying.

 

[Lickyluciano]

That sounds worrying.

Appreciate your comment but can you elaborate what this means and why?

Weird stock. Markets are down, yet it's up 2.5%.

 

[Ross Spur]

Appreciate your comment but can you elaborate what this means and why?

Weird stock. Markets are down, yet it's up 2.5%.

Just that analysts' predictions are generally less reliable than weather forecasts.

 

[wackypete2]

Just that analysts' predictions are generally less reliable than weather forecasts.

I absolutely agree with your comment

However the stock is up from his entry price. Yahoo finance shows projections at around $7.58 so maybe take some profits at or near that level.

Peter

 

[Lickyluciano]

Thanks Pete.

 

[Lickyluciano]

this stock keeps opening higher than the previous close!?

 

[Lickyluciano]

Can someone look at today's chart on this stock and tell me why these extreme hammers occur. Is it the market makers manipulating the stock scooping up the low buy orders?

http://chart.finance.yahoo.com/z?s=ITP.TO&t=1d&q=l&l=on&z=l&a=v&p=s&lang=en-CA&region=CA

 

[wackypete2]

There are several reasons why that could have happened. The market as a whole didn't do much during that time period. There's very little volume in your stock. Any decent size sell order would do that. Low volume stocks are subject to violent swings when a larger than normal order comes in.

Peter

ADDED: I just checked and it looks like about 50% of the entire day's volume was transacted during the 5 minute period that the price collapsed.

 

[Lickyluciano]

perhaps resuming her trend?

 

[NVP]

this thread still running ?