Jim,
You are more than welcome. As I said, fibs are potential entries/exits - they aren't always exact, but by using them, I think it gives me an advantage that I wouldn't have if I didn't use them. It also helps to see visuals for me; hence, the very basic charts that I post.
Last few weeks have been pretty good for me. While I have stocks that are down, have had some good plays that made up for the others. Right now I have the ride of my life have been playing VMW on the short side. It is wild. I'm playing puts. It might go up more, but I think it will go down to fill that gap around 104ish sometime in near future. In addition, I had puts on AMZN when it took the 10+ dive down. That was fruitful, but only had a small amount of puts since I'm playing these things more cautiously. I bought some AGIX on the news today:
AGIX Reports Q3 (Sep) loss of $0.37 per share, $0.06 better than the Reuters Estimates consensus of ($0.43); revenues fell 28.2% year/year to $7.4 mln vs the $3.7 mln consensus. Co issues upside guidance for FY07, sees EPS of ($1.20)-($1.30) vs. ($1.46) consensus. So far I'm up, but not by much so we'll see if it moves further.
Jim, you and I have traded long enough to know that we're going to have our ups and down, but if we stick with trading and learn from it, we'll do okay.
Lexi |
