Friday, March 26, 2010

Test Number Two: Techinal Indicator (Part 5)

I stopped playing by the rules for this test.

I was trying to use the Slow Stochastic technical indicator to determine my "buy" and "sell" signals for Biopack Environmental (BPAC). Today, I got the "sell" signal.

Here are the stats:


Bought: $0.29/share

Sell Signal: $0.21/share, Bid was $0.20/share

Result: 31% loss

I am going to continue testing this stock but using my common sense instead. To me, this is a perfect time to buy.

We will call

Buy1: $0.29/share

Buy2: $0.21/share

Sell: TBD

I will keep tabs on this one. Who knows? I might lose even more, but it sure does not seem like a stock to sell.

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