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JimVanMeerten (57.39)

Opnext tanked



April 05, 2011 – Comments (0) | RELATED TICKERS: OPXT.DL

Opnext (OPXT) tanked before I knew what hit me.  I deleted it from the Barchart Van Meerten Speculative portfolio at the open.

Every one of my normal sell signals has been triggered:

1 - 80% Barchart short term technical sell signal

2 - Trend Spotter sell signal

3 - Trading below its 20 and 50 day moving averages

4 - Lost 48.31% from its recent high

5 - Relative Strength  Index is 39.58% and falling

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs  in his daily blog -- Barchart Portfolio Blogs.

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