L,
<< 2 or 3 more and I'm gone>>
<Why? what about the rest of this year and next year?>
First off, you understand I was talking about MCLD here?
I don't know anything about the rest of this year and next.
I don't know enough about MCLD to buy it as a hold or an investment. I know nothing of it's fundamentals. I bought strictly, totally, because of it's chart. I buy it when I can in the low 30'S (preferrably around 31) with a target of 40. Look at a 6 month chart. It's done this cycle 5 or 6 times in that period. In the past, I played options up to 40, and then shorted the stock. Works perfectly. Thanks to Kingpin, I may watch closer for a breakout this time, but normally when I buy a stock because of a chart, when it hits my target, I'm gone, and don't worry about anything I leave on the table. If it does hit 40, I'll have about 4x in 3 days, so can't complain.
Hope this answers what you were asking about,
Steve |
