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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Hart who wrote (12387)5/11/1999 2:42:00 PM
From: keith massey  Read Replies (2) of 62348
 
Hart...NCT

who says it HASTA go up anyways

Not me... although I kept playing hoping it would.... although the CIT deal values NCT at $41 it doesn't mean the deal is going through. I played this stock like a novice...this is what happens when you are looking at fundamentals and TA at the same time. The chart should have been telling me to avoid the stock or at least wait for a break out through the resistance, but the earnings and CIT deal kept telling me to buy at support in hopes that the support would hold and it would bounce. Well the support broke ever time and I got stopped out. I had two profitable trades but the rest were losses. Stupid, stupid move...but a lesson well learned.

Best Regards
KEITH
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