Wednesday, September 07, 2005

Doji play; SMTX

SMTX showed quite some intraday action the last few days, resulting in 4 Doji's in a row.
Daytraders could have had some fun with SMTX, but since I'm no daytrader I just have to sit tight and watch. For me the following rule applies:
Don't sell if you didn't turned bearish on a stock

Since SMTX is still above the ascending trendline and I don't see any bearish signs I'm still bullish on this stock. I even see another bullish sign; The 50MA crossing the 200MA is a bullish sign.

So no surprise that I'm holding this stock.


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