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

To: jimsioi who wrote (8578)	3/4/2004 3:36:39 PM
From: jimsioi	Respond to of 108567

GI - you want to see jumpy.. Out today at $21 for a point scalp, basis yesterday's purchase....This stock received much attention in IBD in the last couple of weeks given its steady upward trend, and with the ramp in gasoline prices must have become a favorite of many a reader.. I personally think it's now had its run and it's time to look elsewhere... 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

To: jimsioi who wrote (8578)	3/4/2004 3:47:32 PM
From: Christopher Loe	Read Replies (1) \| Respond to of 108567

OMNI, I used the cup & handle chart as a possible buy point, $5 as the bottom of the cup & $6.40 as the top or pivot point = $11.40 x 1/2 = 5.70, which just happens to be the 200 EMA (5.71), we don't want it to drop below 5.70, this would be a failed cup & handle chart, but we will give it .05 cushion. ORCH was an example of one, $2.30 was the failure point, I didn't follow the rules that time. Discipline is hard sometimes when you like the company or in this case did like the company, I have moved on from ORCH, not to re-visit. Check out SNVBF, it's been a rocket ship, but I imagine we will get a pullback in the near future, deciding right now if I'm going to take off my trading shares. chris