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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (31429)7/18/2003 3:36:58 PM
From: steve from ihub  Read Replies (1) of 36161
 
stock trade. in at 19.50. i have been trading it for about two years. actually for about half that time i was trapped at a loss. sold awhile back near a local high (mostly luck). got reinterested in the april timeframe and made a couple trades but missed the bulk of the move up as didnt see it getting past 22 so fast. didnt chase. started getting interested again last week. held off based on someone on this thread. that and my tendency to get in ealry, made me wait a few more days. seems to have worked out well so far.

i trade almost 100% on TA. though in the case of the drillers i think the Fundamental case is pretty darn good too. looking for an osx in the 94-95 range next week at which point i hope to sell rig at 21.50. 22 could happen but i think 21.50 is more attainable. ( i like round numbers if you havent noticed.
steve
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