To: LaFayette555 who wrote (715 ) 6/21/1999 11:06:00 PM From: John Paquet Respond to of 1239
I was thinking to short that WSP, but I have not kept on my attention for a while, as I concentrated on ernergy stocks, now on SKG. I can not focus too many stocks to diversify my focus and time and capital power. ONly few at a time, so that my focus is much better. I a bit lost tracks of WSP now, As I have not chech the price action for few weeks already. I still think that SKG will take off to test that .33 and I certainly hope she will breakout that .33 and re-test that NEw hi. Then I will be very happy, money in the banks for sure, money bags will grow bigger again, then I might start to short that WSp again, Today SKG demonstraed a bit bullish, as least it moved up to that .25 to test the water, then this week for sure it will break through, then it will re-test that .33 and maybe a new hi. If you can go to big chart and pick that two month chart, it tells very clear that this 24 days correction is a textbook style, nothing else. Next .33 is very much anticipated. Buy stocks when there is no volume as you said price action looks like gone to sleep, therefore you are enjoying the lower prices, when she is really hot, with 20 m, or 45 mil, that is time to sell again, sell on the strength buy in at correction. Good luck to you for your WSP venture. John Paquet This thread will do much netter without those who are narrow minded, this a broad base "Games Trader" we talk every thing from fundamental to technical, for every stratgy regarding how to beat the hell out of market, and pick and the most beautiful dark mblack horse to make money in this web.com mworld. This thread will be properous and profitable no matter is dealing with GTR and anything that related. Good luck to all, in any way.