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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: JoeinIowa who wrote (23544)1/22/2001 11:50:10 PM
From: Ken W  Read Replies (2) | Respond to of 29382
 
Joe:

Okay, here is a real gamble for us...and I must give credit to a lurker for pointing it out to me. Now, you must not think I've taken complete leave of my senses though...<GGG> Do not, repeat...do not look too hard at the fundies here. This is pure spec. but if the stock retraces only 25% of where it has been in the last year then we could all retire. LOL

stockcharts.com[L,A]DEOLYYMY[PB50!B200!C10][VC60][IUB14!LA12,26,9!LP14,3,3]

Now, the TA reason I bought this stock today is that it is riding above the 10Ema and is testing the 50dMA. A break over 4.25 on good volume gives way to the potential that I was speaking of. In watching the tick all day they could get no sellers under 3 7/8, try as they might. IMO the risk ratio is 3 to the upside 1 down to the downside.

Ken