SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Flat-Base Breakouts on Heavier than Normal Volume
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DD™ who wrote (17)6/9/1998 3:47:00 PM
From: rakitup  Read Replies (1) of 34
 
Re CDG, it's selling for 10 times earnings and is $44.00 or so off its
recent high due to bearish oil industry prices, but CDG has work backlogged
into 2001 and as far as I know is getting away with increased day rates
on its equipment which will reflect on the bottom line...I see it as
a terrific buy right now but the low is another 6 points lower so no,
I can't give you an entry point yet. I would say watch the chart for
a breakout from its current trading range.

Here are some current breakouts on increasing volume...generally the
volume is higher on the preceding day to the breakout...figure that
out...it applied in all of these cases:

NYSE: BJ - Y - BKE - LRI - WAG

NASDAQ: ASAI - AKZOY - COST(my favorite issue right now) - DLTR
- JUNO - PLEN

Buying in the money calls on these with 60-90 days remaining and holding
for 30 days or until you have 100% profit might be a good plan. Try it
on paper this time, then you can do it for real as you learn to spot
these breakouts. Options are traded on most of these firms. Beginning
options traders should allow themselves lots of time to expiration and
should buy in the money or at the money calls or puts only. Use a time
stop (a predetermined exit date) rather than a dollar stop when trading
these options, and don't hold them over 6 weeks if that long.

Rak up a winner
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News