It’s easy to get distracted, when the market posts major point moves. I don’t watch CNBC after the morning bell, because I don’t want to become influenced by other traders’, and reporters’ emotions. 99% of what I need, to trade a stock, rests in it’s price action.
Little trading gems such as the IPO PWRD are worth keeping on the trading radar. The first pullback in the stock Friday, using a 15 minute chart, provided a major move. I track all the ipo’s individually.
I was going to post this chart of PWRD from July 25, 2007. You may rememberthe day the market was in a small death spiral. Not all stocks were in trouble that day.