MG, Way to Nail the Phone Phleet Dude!
Hit and Run is the way to go! Ran my numbers tonight, and even though PEP did not cooperate, I'm up 15.2% for the year and 4.6% for the week, while the Index is up .8% and -3.3% respectively. Most of this is due to the Phone Phleet.
It will be interesting to see, now that the Phone Phleet daily chart is almost at the bottom, if it behaves any differently. I could not be involved today (except by broker accident <g>) as it did not satisfy my requirement that the sto be at the bottom. That's okay, as I'm convinced it will give me another chance.
As with most trading range stocks, I don't see it as following trend lines very well. It's a support and resistance type stock. That said the bottom does seem to be reacting to an upward trend line on the daily.
One of my friends, Paul, has moved from a visiting Lurker to paid Lurker of SI. Since he is the one that pointed out the unique characteristics of the Phone Phleet to me, I hope he feels confident enough to join the dudes shortly. He has done fantastic with his investing activities and will be a real asset to the thread. He has almost mastered the bet it all, Hit and Run approach.
Berney
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