Richie: ****OT****
You think you have to convince ME about that chart pattern??? jajajajaja
I forget what you got in at, but I'm sure you're doing very well! Congrats! I used to trade TLAB way before the CIEN problem - used to trade CIEN, too! Bought a lot of AMAT today in and around 47 on the big volume (up about 80% I think) breakout at 46 - so far, so good.
Seriously, though, I'm going to bone up on this flag/pennant pattern stuff and see what I think. It's just that base breakouts are so much easier to "read" and then you get that support on the downside. If you can buy as close to the breakout point as you can, once you KNOW (read volume) that it IS a breakout, you have the best shot at the upside and the least risk on the downside.
Well, we'll see .... good day for Compaq, though! YES.
K |
