Long SID after 3.3 years of downtrend it looks to be reversing
SID is this weeks best stock pick. 3.3 years of being in a down trend and SID is showing signs of reversing the trend. 4.34 area is around 2008 bottom and after reclaiming it in October 2013 and running nearly 30% before being flushed back down, it looks like this recent re-emergence above the line is the real deal. The flush in itself wasn't panicky: notice the smooth drop and recovery. 4.27 area is a good stop and guess what? This stock has already reported so that's one less thing to worry about.
This is a cheap stock which means if it drops it will equal large losses so for this, getting an Options contract is probably the better idea. Normally this article would be written before getting into position but due to the production of several free educational videos we'll just throw this in the "once in a blue moon" basket.
Besides, the market is trying to decide which direction it wants to continue so Call options will keep me sane through all the chop.
This is a cheap stock which means if it drops it will equal large losses so for this, getting an Options contract is probably the better idea. Normally this article would be written before getting into position but due to the production of several free educational videos we'll just throw this in the "once in a blue moon" basket.
Besides, the market is trying to decide which direction it wants to continue so Call options will keep me sane through all the chop.
