Hi again Ray,
I sold my position in AMTX last week at 16..indeed, the weakness had me concerned. That rally the other day made me look like I was about to be served some humble pie, but its failure turned things around and nearly spelled doom for the week, if not the trend. Too bad for others(who I shall not name) who held on...
AMTX is a dead issue for me right now; I won't try to pick the bottom, nor will I step into an issue that is sure to expect much volatility. We can all get enough stress just from our daily non-stock market lives..lol. That doesn't mean that I won't stop watching this. I have the feeling though that you'll still be interested in this one.
Right now, it looks like it's headed down to at least 14. It'll take a while before its technicals will be able to become attractive once more, so that might take out some other players who rely heavily on TA for trading this issue(if it already hasn't).
As for ascending triangle plays, there was an issue that I took a position in, CMED. It's not an exact ascending triangle, but the resemblance is there. CDN has continue to be strong, DELL eventually broke out, so now, what's next?
Regards,
Rainier |
