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Strategies & Market Trends : Natural Resource Stocks

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To: ItsAllCyclical who wrote (7676)	2/12/2004 1:42:56 PM
From: schzammm	Read Replies (1) of 108939

IAC, I am trading this strictly on TA currently. My strategy has been that the stock should run up before the financial update next week if the news is good. The insiders showing their hand so to speak. It may be a buy the rumor sell the news event. Also I did not see any resistance until about the $2.50 area. My long term target if the turn around prevails is $4.45+. Anyway I am still holding on to both my core and trading positions. Nothing wrong with taking profits here though and by the end of the day I might have changed my mind and joined you. I absolutely want to hold a core position here though. Once again thanks for the original "heads up" on SCO.

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