I was chatting with Lock It In into the close about stock selection. He was chirping one stock (chart below). I was in another (chart below), looking to buy more and was getting out of his. I should note I was in my stock and looking to buy more because Amazing Andy called it out.
So its 3:15PM today and here were the charts below. What stock would you rather be in and why?
15 Comments on “Which is the Better Stock to Trade?”
RIMM would definitely be my choice with 2 nice runs. I couldn’t make money in MOS. Maybe GMan and Steve could grind out some profits with their micro trades but why bother…
You had to be buying more of RIMM, no? Its going up and broke out above $60…you weren’t buying MOS as it was going no where fast since 10:30AM…
And obviously, Amazing Andy is Amazing : http://www.milfordoysterfestival.org/childrens/amazingandy2.jpg
For me I would like to be in both; MOS on the short side as its appears to be breaking south of its value area after 1 ticking its high at 7750 and putting in a lower high.
Rimm – I would rather be long than short but seems like it will chop around 6217 -6120ish or possibly pull back to 6083-6109 before its next move to new highs, I would add to longs on the pull back or the breakout north as long as futures are rallying too (we will see about that ).
But what the hell do I know – I don’t trade these stocks, but fun question,
we know it was rimm you wanted to add to because someone was “chirping”
You might get a “chirp” from mos, but you’re only going to get “chirping” from rimm
I would have traded RIMM. It consolidated for several hours and broke out nicely past the day high.
Derek
RIMM was the mover. MOS may move but is currently caught in random chop. I would trade RIMM.
i would trade RIMM. strictly on the short side. 🙂
I would’ve liked to have been in RIMM but would have been stopped out on the spike down below 61. However I wouldn’t be looking to add more. As for MOS, the spike below 77 might make a good short, but my suspicion would be a false breakout.
looks like Mos hiitting heavy resistance @ 77.5 and broke down below channel
Rimm has the volume to go
I have never traded any of these stocks and have not looked at any other charts apart from these ones. But if you’re asking which stock I would have traded it would be RIMM. If i was watching both stocks from from the opening I would see that MOS had a highly volatile start to the day. So much energy being expended in the first hour with a $2 range. If I never traded this stock then trying to decipher the volume patterns on the tape may have been difficult thus increasing the risk of getting crap prices. RIMM on the other hand was behaving in a calmer fashion from the opening and had plenty of time to make a strong directional move. Readng the tape looked easier from what I see from the chart thus making it easier to control risk and get in at good prices. Once we broke out of the 59 level for a second time just after 10.30 we would have been able to see steady, well bid prices on the tape, which was inline with RIMM’s behaviour from the calmer opening.
nah you would have known 62 was the next level and exited
🙂
This was a real life decision to be made into the close. I was looking to add more RIMM. RIMM was moving. RIMM had made a substancial move above the 60 level. I love when stocks MOVE AWAY from prices. This indicates a REAL ORDER. MOS as pdmoney explained was not really moving. As time went by into the close the chances of a move decreased, which is why I started exiting. Excellent comments below. I agree with Tmacktrading this is a fun question to consider. And these are the types of debates a developing trader ought to have with their trading peers.
MOS short until at least 76.50
What a great question!!!!!!!!!!!!!!!!!!!!! I think I would have traded RIMM, but with a very tight stop which means I would have likely been stopped out. I would have tried to catch the move above 61.50. I was actually trading MOS at the time, it was very choppy and I was only able to chop very small amounts out of it.