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Right time to buy into BBY and MNST
Started:August 24th, 2012 (03:48 AM) by Fuuuu123 Views / Replies:381 / 1
Last Reply:August 24th, 2012 (03:48 AM) Attachments:0

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Right time to buy into BBY and MNST

Old August 24th, 2012, 03:48 AM   #1 (permalink)
Trading Apprentice
Las vegas, NV/USA
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: Stocks
Posts: 1 since Aug 2012
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Right time to buy into BBY and MNST

I've only been trading for only 2 weeks and am still much a noob but I saw these 2 stocks and it seems I can make good money off them. MNST is heavily oversold shown by the 5,10,20 EMAs and MACD. MNST's RSI also has shown a bottom failure swing hinting at a market bottom plus MNST's fundamentals are extremely good.

Now BBY is the stock that I bought a bit too soon I think, since it's fundamentals aren't good at all and using some oscillators and patterns it seems to me it can drop a bit more before it has a nice rally or good up-trend.

Advice on what I overlooked that may indicate these stocks weren't good picks?

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Old August 24th, 2012, 03:48 AM   #2 (permalink)
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