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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who wrote (37156)12/5/2004 11:41:15 PM
From: Snowshoe   of 206182
 
>>Are you saying not to buy unless it trades up to 14.20?<<

Big, it is late and dabum3 has not responded, so I will comment...

Yes, that is exactly what he means. His strategy generally requires a stock to reach a specific target in order to confirm the momentum before initiating the trade.

Note what he said about RIG in that post: "My RIG position did not trigger on Friday and I will keep the trade open for Monday." As best I recall, RIG needed to trade about 1/8 point above Thursday's high for his trade to trigger. But it never made it past Thursday's high...

stockcharts.com[h,a]daclyiay[d20040803,20041203][pb20!f][vc60][iut!Lp5,3,3!Lc20]&pref=G

-Snow
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