Thanks again, Al. This week Chartcraft has been focusing on airline stocks. As I recently posted, they recently added Delta to their long term portfolio and in the Chartcraft Weekly Options Newsletter, Alaska Air (ALK), Cont. Air (CAIB), Delta (DAL), and UAL are featured in the "Breakout Chart" section. All had favorable comments, but UAL's were less positive as they feel that other airline stocks offer better opportunity.I own US Air and that stock also had a good move this past week. I was stopped out of UAL a short while back with my defensive team on the field. As soon as the NYSEBP reversed course, I went over each stock in my portfolio and made sure to double check their chart positions, trend lines, RS etc. Though you can certainly lose money on stock positions, I've saved myself plenty from further losses or protecting gains because of a defensive reaction the the turn in the NYSEBP.
Take care, Al. I look forward to corresponding in the future.
Bruce |
