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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (37156)	12/5/2004 11:41:15 PM
From: Snowshoe	Respond to of 206184

>>Are you saying not to buy unless it trades up to 14.20?<< Big, it is late and dabum3 has not responded, so I will comment... Yes, that is exactly what he means. His strategy generally requires a stock to reach a specific target in order to confirm the momentum before initiating the trade. Note what he said about RIG in that post: "My RIG position did not trigger on Friday and I will keep the trade open for Monday." As best I recall, RIG needed to trade about 1/8 point above Thursday's high for his trade to trigger. But it never made it past Thursday's high... stockcharts.com[h,a]daclyiay[d20040803,20041203][pb20!f][vc60][iut!Lp5,3,3!Lc20]&pref=G -Snow

To: Big Dog who wrote (37156)	12/6/2004 8:33:01 AM
From: chowder	Read Replies (1) \| Respond to of 206184

>>> Are you saying not to buy unless it trades up to 14.20 ? <<< That's a big 10-4 your Dogginess. You want to be sure you can capture upside momentum. When dealing short term, you want to buy as the price is rising. You don't want to buy when the price is falling, in hopes that it will immediately turn around after you buy. If GDP trades up to 14.20, it should keep going. What makes it a great risk vs reward play is that your stop loss is so close to support at an important moving average. If that support level falls, you know your timing is off and you get out immediately. It's like meeting that special lady, it's all in the timing. stockcharts.com[h,a]daclyiay[pb50!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G dabum