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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: jimsioi who wrote (6810)1/27/2004 4:08:59 PM
From: jimsioi  Respond to of 108578
 
hamsandwich, TGA hourly chart..

Didn't quite finish my dissertation on TGA....had to get some orders in at the close...Hourly TGA chart looks like it will break this $2.84-5 area and fall down to $2.65 support....I sold another 20% of position at $2.85

stockcharts.com[r,a]eecaynay[d40][pc13!c34!c50!c200!f][iut!ub14!le8,24,8!lk20!lv20!lp14,3,3][J18131995,Y]&pref=G

The idea is to sell these things when their momentum crests, or so it seems the tactic best suited for me...What's tough about that is I don't generally want to admit the ride is over and that it won't go on longer...."look see everybody is bullish;"the funnymentals are grand"; "I'm a genius for having bought this stock"; " just buy the pull back and ride it to nervana..." That's where recently in TGA at $3.10.

Also sold SWN earlier initiated, for a loss....didn't break out, instead continued its "role over" pattern similar to many E&Ps....And Sold OMNI bought at $6.56 at $6.53...a loss...

Sold FAX and RRE in the fixed income and REIT space....Cash moving toward 30%.



To: jimsioi who wrote (6810)1/28/2004 10:53:26 AM
From: hamsandwich  Respond to of 108578
 
TGA - Thanks for the comments, Jimsioi. I'm out this morning on the break of support at 2.80 (hit my stop at 2.78). I may be looking to get back in around 2.45, with a second buy in the 2.22 range if it gets that low. Good luck to you, ham