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Strategies & Market Trends : Technical Analysis With Charts

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To: jaker who wrote (4835)	5/12/2007 5:34:10 PM
From: lexi2004	Read Replies (1) of 6865

Jaker... LMRA is one I like to trade for I prefer stocks that move fast; however, of late this one has been beaten down and Stoch is very oversold, CMF looks to be improving somewhat, and on Friday the candle was green with a close higher than the close of the previous day. LMRA is doing a conference/presentation May 14-18. It has a small float and can really run if you aren't familiar with it. Think Friday's candle says it's a potential buy. BTW, I bought some of the S5 LMRA May calls @ .05 the other day. Even if the stock doesn't go over $5 by expiration, if it moves up even a wee bit think those options could at least double. Your thoughts? Lexi

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