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Strategies & Market Trends : games trader group -- Ignore unavailable to you. Want to Upgrade?


To: John Paquet who wrote (40)9/20/1999 11:34:00 PM
From: TMAZZ  Read Replies (2) | Respond to of 507
 
John,

You may be right about the break out for SKG, but I would question you on this inch by inch theory?

As noted below
quote.yahoo.com

as compared to 3mth
quote.yahoo.com

but I am not here to argue, but to learn and question.

Looking at that 3mth chart, it shows clear support level for the low 20's

What I tend to do is wait for a clear sign of a turn-around
quite often I do miss the bottom and accumlation period.

I hate to sit on a stock for an extended period of time, so I need to see some movement

Yes I did buy into HIC @ .10cents with hestitation since I quite often hope for the moon but get burned!

One method that has worked for me is moving the stop loss up as the price moves upwards, but this is not effective if the price swings quickly up or down!

Yes I failed to get out of HCI due to greed, since I don't know what potential this newly discussed stock has, I fear missing another GEM!

Question to you John is what is holding back SKG, lack of news release is one, but why hasn't it move along the same lines as GEM or TBU!

Regards

Tony Mazz!