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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Galirayo who wrote (18509)6/9/2006 11:20:35 AM
From: Ken W  Read Replies (1) of 23958
 
Ray

"You breaking your own Rules on the Low Volume thing now ?"

Not really, when I bought the core shares the volume was 500 to 600k per day, when it "brokeout" above single resistance at 3.01. The TA at the time said that the buy was a mistake as it shortly made a 52 week high at 3.15...Profit takers came in and drove it down to 2.80 (the 20dEMA) in about 5 minutes, however the FA is stong enough that the stock recovered over 3 the next day. It's a summer hold for me so I'm okay with the smaller volume.

IN the meantime MOVI, EZM and a couple of others have been very, berry good to me. LOL

Ken
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