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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Findit who wrote (103941)	1/9/2004 3:46:57 PM
From: Findit	Read Replies (1) \| Respond to of 208838

Out of VPHM at +.03. Tired of waiting for the move to $5. Last time I got out of this one, news came out the same day and it bounced a buck or so. Lets not let that happen again. Jim

To: Findit who wrote (103941)	1/9/2004 4:59:08 PM
From: Mike C2	Respond to of 208838

Hey Jim, love that stuckhldr term, no matter who coined it. re ZHNE, i am a slave to short term stochastics... don't like to buy 'em when they look overbought i, like you, am loathe to admit i boobooed. don't want to book the hefty loss. this area has been a congestion point for TELM/ZHNE repeatedly: support on 10/24 11/4 11/5 and resistance the last rally into overbought on 12/2. stock hit a buy signal for me on 12/17 but i was too chicken to double down because it jumped so much on the 18th. Stochastic oscillations were very regular until the last 2 weeks where it has hung in overbought territory. Can it hold here and keep moving higher? Sure, but I can't think of one chart i follow where this kind of situation persists. (Maybe i'll set up a scan for stocks that stay above 80 on stochastics for 10 days or more!) So, instead of dumping ZHNE, i'll lock in my current position. maybe i'm just foolish, but i "might even have fun doing it" as the moneypaper ad sez. this has been the most amazing week. traded CTRA 5x for 1.43 in gross profit. never once pd. more than i sold it for. usually miss some when i book a gain. however i rebought ASTM right where i sold for the first time and am down .02. not to worry. 89% wins this week and account up 24% from that disastrous midDec low...yikes, and i missed the real gains on the mad cow plays. if it keeps up i'll begin to think i know what i'm doing and that WILL be dangerous. lol good luck...you seem to have dozens of positions...don't know how you keep all them plates spinning...you remember the Ed Sullivan show? mike to Bob: "Small moves, Ellie, small moves" sort of my trading hallmark thought this quote from "Contact" with Jodie Foster fits. good weekend to you