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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (5736)	3/2/2005 10:05:32 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

<< Did you see the power candlestick way to the left on the chart? >> You betcha.... I was trading STEM. I didn't forget. When I saw it move sideways, settle on support, and the BBs cinch down, that got my mouse finger twitching. I got in too early (I often do) at the previous stochastic crossover buy signal. That didn't work out, but I figured downside risk was very low because of that candle, and the gap just below it and chart/BB support nearby. So I was underwater a bit for a while, but I just held on anyway. It is something like what we saw with SPDV.... I was hoping for another go at SPDV with an entry at $1.50, but never got it (so far). I've been watching that and lying in wait for over a month now. Also, with STEM, news will move that stock in a hurry, so it pays to be patient with that one. Also ALNY... I'm long there also, and patient. Compare the two charts and you'll see why I'm willing to be patient. STEM is less risky, but ALNY more susceptible to explosive news-driven moves. Compare these.... very interesting: STEM: 139.142.147.218 ALNY: 139.142.147.218 SPDV: 139.142.147.218 SPDV long-term chart: 139.142.147.218 T