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Look At This Stock - $GST

Jul. 14, 2013 7:23 AM ETGST
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Jeff Pierce's Blog
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Momentum

Seeking Alpha Analyst Since 2008

I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in my opinion is out of date and there is wisdom in crowds.I've developed a market timing system that determines when it's best to be long, short or on the sidelines, using a number of proprietary indicators based on many time frames. I believe that to have longevity in this field one must find ways to calm the mind and trade from a detached point of view. Emotionless trading will allow you to respond to what's going on right now in the markets, rather than reacting to daily fluctuations.View my personal blog http://zentrader.ca/

By Jeff Pierce

This stock has been showing up on my momentum screen every day this week. I was going to add it to this category yesterday, but I didn't have time to make a post and since it's under $8 it's not really that much of a priority as I tend to avoid them. However I'm going to report on this because it has a look of a stock that could be a big winner.

Like I said I personally try to avoid stocks under $8-10, but every once in awhile I will buy a smaller priced stock. I also tend to shy away from oil & gas stocks as I haven't had the best of luck trading those. I'm not buying this currently as I have been only focusing on the stock within my tradewithZEN focus list, but for those who like to speculate on lower priced momentum stocks this could be right up your alley.

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