Each week at ChartSmarter we like to bring to a little insight into what we do on a daily basis. We have been at it for more than 4 years and we love doing it. Each night we detail 8 to 10 of our favorite ideas, both long and short, for the next days session. We do NOT have a chat room, nor are we active “tweeters”. We like our business growing by word of mouth. For those who would like to see a full copy of our Thursday Game Plan, email me at chartsmarterblog@gmail.com.
We have always respected the round number theory. Some carry more weight than others. The 20 figure is important as a name rids itself of teenager status. The 50 handle we like to pay attention to closely over the years. But in our opinion the round number that demands the spotlight is the par figure. After doing this for many years it can be very profitable to monitor how a stock reacts around 100. Lets take a look at a few names to show you some examples.