no, and pissed at myself for not getting into CREE
while I was researching it, I did a TA over a week ago
said "look for 2nd retracement to 165-175 range"
suspected it would overshoot the 18day MA at 173 or so
it got to just under 170 on pullback
decided to buy it after seeing that bounce off 170
missed on 168 and 173 orders
once again, great TA, lousy trading execution
I truly need a partner to trade on my analysis, call the GD broker, place orders, and manage the damned thing
got orders to buy it at 180 and lower
believe it to be a 50-50 proposition to get filled
it is showing a bullish ascending triangle pattern now
target: 240
onliest trouble with it is relative strenk is diminishing
I intend to do a TA on the following crowd pleasers tomorrow:
CREE, ELON, CNXT, QCOM, JDSU
a couple friend scoffed at me last week when I said
"when JDSU touches 300, buy option puts"
hmmm, now I say, sell those puts
I suspect JDSU is about to enter a funky bad psycho phase
doubt it will last anywhere as long as QCOM's though
it has support at 260 where 18day MA cuts thru
it also has old January former peak of 250
anyone who sold back then and has been watching will be on the lookout to buy
that is the technical basis of old ceiling equals new floor
good night, Gracie... over and out
/ jim |
