Yeah it's a hard call when you see a stock moving up....what do you do.....I have watched plenty move up and missed the boat as I am sure many others have.....
They say the trend is your friend until it ends.....and it's true ....but a trend can go on for years..... when you see a strongly trending stock it doesn't mean you can't join the party so to speak..The person who buys at the bottom and sells at the top are rarely one in the same....
Patience is a good tool....watch for a while ..stocks always retrace and present good opportunities to take a position...
IMO and that's all it is my opinion....The underlying trend is very strong with MMZ....
Watch for a break above 2.4 on strong volume or buy support at 2.1....Any movement under 2c now would indicate a change in trend IMO.....
Enter with a small position....and average up....
You have to be prepared to take a risk..in order to make money in the market....how much money are you willing to put on the table...
My first trading rule is:
Before I take a position I write down the answer to this question:
What will I do if I am wrong.....
GL
too late to get on, page-2
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