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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: OldHack who wrote (5920)11/18/2004 6:45:54 PM
From: Ken W  Read Replies (1) | Respond to of 23958
 
Old Hack

CNR: There looks to be a little gap to fill at .72, probabaly caused by the announcement that there was even going to be a cc. LOL

However, the stock is about to make an important 50/200 crossover right where you bought it at .71 (now how's that for timing on your part). MACD on the daily and weekly charts both have gone green, but the Stoch's are showing a bit of an overbought condition while the weekly Stoch's show that the stock is a bit ahead of itself %k in the 80's with %d in the 30's..

Depending on how fast your trigger finger is you could get a little more out of the stock, sell it, and buy it back for a penney more than your orginals. It seems like a lot of work, just depends on how much you like to trade (ah, the rush of pushing the button).

Anyway, IMO the stock could make 1.00 once it digests all of the under lying noise of daytraders, swing traders, news traders and all the other nerdowells out there in market land.

Hope my humble opinion is of some help.

Be well my friend.

Ken