The Novice Bear

I don’t often promote picking up stocks that have been killed, but this one might be worth the risk (very low-risk). Notice how the TD Sequential stop-loss point is only 1.3% below the current price. Talk about making a trade with your back up against the wall. If JAVA closes below the stop, then sell. If it holds, look for a quick 10% on the upside. The likelihood of falling another 10% after such a long downtrend is very low.

UPDATE: I put my money where my mouth was. I picked up some JAVA just above the stop loss point.