Threshold Pharmaceuticals! That is what I’m talking about.
I like the weekly and the daily charts for THLD. Just by looking at the charts, I can “hear” the price actions screaming “I WANNA GO UP!” So, to calm the voice in my head, I added THLD twice today.
Oh no, this is not a recommendation or suggestion to buy THLD. Besides, you must be crazy to buy a stock pick from someone who claimed to hear “voice” about price actions.
Below is the daily THLD chart:
Below is the Weekly THLD chart:
Good Hunting!
ps. I forgot to mention that I like the fact that THLD made new high today. Yeap, a new high for the last 60+ trading days. Thus, this could be a trigger for long-term trend players to get in. Watch out if price actions take out the March 30, 2012 high of $9.07.
Current equity holdings (27%):
(Order: large to small) PRLB; THLD; USU; USEG; LMLP; DNN; HDSN;
Long-term portfolio (11%);
Cash (62%)
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Out of my THLD. Can’t fight the overall doom and gloom which normally will kill any momentum without news. Will look to buy back on technical condition.
Hmmm… my voice was quite correct yesterday. THLD did scream about going up.
Giving the strength despite the DOW down day, THLD is holding its uptrend.
Bought back starter position. And yes, at a higher price.
Forgot to mention, I have a tight stop to this trade in case the eventual collapse of the DOW bring everything down with it.
I’m now back to 50% of my holding at of this morning before I sold.
Journal update:
Added more THLD this morning.