<<<add this to that. Try not to get left behind. <g> Seriously, I'm just a simple trend follower. I try to not buy at the top of channels and sell when stocks move out of channel.
Re: taking profit I haven't done that willing yet since the bottom. I get stopped out after stocks fall out of their channels. >>>>
I've had to work hard and get support in order to take profits(too bullish). Overall I try take out and spend 1/3 of trading profits, which forces selling . I have three stocks that dont have a channel yet so I dont sell those.. Gnss was one but I am out now except for one call.
<<< re: BRCM
BRCM gaps all the time, very gappy stock. <g> I mention a month or so ago, that BRCM would have to make it over 50 and stay there, before I would commit new money to it. I stand by that statement still.>>>
Hope you are wrong -just got into a bit of Brcm yesterday
<<< re: CSCO and now DELL My market barometer, CSCO has been join by DELL. Both are bounce up against Dec. highs. We need them both to make a move through that area, so the market at large can move forward. >>>
I use Intc and Dell, which is about the same thing. And thats where a major war is playing out on the upper channels. Those bears are tough-with two years of experience. But bears must be getting real worried.Some day they will have to move those channels up. Could happen any day. Meanwhile IMO the bottom of the channels
has moved up- the top is the problem.
I have traded 100k in the last three days.
Sold actn,kkd,dcx,stor,tsco,gnss,topps,arba and plcm
Bgt Dell,bprx,brli,bmc,brcm.
Overall I can beat the Nas by a factor of 2 or 3.
While Nas is up +17%, I'm up 43%
HOWEVER the reverse is also true,so if the Nas drops I'm in doo doo fast when one of my key stocks also drops. Have to run for cover. Am much more nimble today than ever before. Donnie has lots of nimble, dont know anyone nimbler. Nimble is good.
Greg be nimble, Greg be quick
Greg jump over, Old Candlestick
Costco looking good and should help the market
Sig
smickandsmodoo.com
Chorus
:On the wings of a snow-white dove
Dow sends his pure sweet love
A sign from above
On the wings of a dove
I came to the market
With visions so fair
Of new homes and cars
And silk underwear
I thought it would be good
With money to burn,love
But I was mistaken
They started to churn
(chorus)
It was on a fine day
I'd started to fly
A margin call came in
And I said goodbye
To new homes and cars,love
And silk underwear
I'll take what is left
And go on elsewhere
(chorus)
Sig Stembol 1-9-02( for Freeus) |
