Right time to buy into BBY and MNST

Discussion in Stocks and ETFs

Updated August 24, 2012

1,598 views
0 thanks given
1 followers

Search this Thread

Right time to buy into BBY and MNST

Fuuuu123 · 2012-08-24T03:48:23-04:00

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?

August 24th, 2012, 03:48 AM	#1 (permalink)
Fuuuu123 Las vegas, NV/USA Posts: 1 since Aug 2012 Thanks Given: 0 Thanks Received: 0	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?