Mar. 21 at 8:04 AM
$APPS APPS is one of the the most dangerous stocks I've seen in awhile because it gives false signals. Buy it at 10 dollars, 1 day later the average price is
$9.94. A 0.55% loss. 2 days later and the stock is down an average of .91%. 3 days later it's down an average of 1.42%. Day 1= small loss. Day 2 = bigger loss. Day 3 = even bigger loss. Buy at 10.00, 3 days later the average price is
$9.85. This is over 3 separate averages. You see a bounce & think "this is it." But in reality it’s just pausing b4 dropping again. No TRUE buyers. Instead it shows fake buyers stepping which doesn't produce follow-through. It's like a ball that keeps rolling downhill even when it bounces a little. Everyone's new rule should be: If a stock keeps making lower lows after bounces, remove it from your trading universe. Take trades where buyers are present in strong stocks. IGNORE everything else. APPS punishes both early entries AND “good-looking” entries. One fails immediately, the other fails later.
