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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (439)5/26/2005 5:39:03 AM
From: stock2005  Respond to of 4814
 
Thank you, Great post, But I think it is exactly near FIB retrace level and in process of W bottom here. I will keep a close eye on it. I initiated a small Long position near EOD , $14.00 is my mental stop loss or I might buy protective put along with long stock it adds to cost but its a disciplined approach and I am trading it for 15 to 20 % gain. Thanks again.



To: Walkingshadow who wrote (439)5/26/2005 10:37:56 AM
From: Jill  Read Replies (2) | Respond to of 4814
 
Terry, ELAN is doing very well...it has moved up from recent lows in the 3's to over 8 this morning. I am wondering if you have revised your view that it is like Krispy Kreme (you said this when it was in the 5's I believe--or maybe the 7's). You thought it was a very bad idea for my colleague to have bought. However, it does look like it will come to the market and was unduly oversold by the bad news.


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