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


To: Gush who wrote (893)6/16/2005 10:18:10 PM
From: ds1975  Respond to of 4814
 
Gush...

20% in three trading days... not sure how much more it can stretch its legs...

great play getting in 2 days ago...

I think it would be prudent to take a little off the table... but that's just me...

I am waiting to make a move in BYD and SBUX...

Good luck...



To: Gush who wrote (893)6/17/2005 11:27:59 AM
From: Walkingshadow  Read Replies (1) | Respond to of 4814
 
I don't think anybody would call you a fool if you bailed now and banked the profit.... you've got a nice gain, and PLUG will probably offer you another entry in a few days. Today's candle does not look very bullish at all so far:

139.142.147.218

Alternatively, and probably better, maybe the best strategy is to take partial profits here, then set a fairly tight trailing stop on the remainder. If you get stopped out, look for a re-entry in a few days. If not, well just let it run and adjust the stop upwards in its wake.

T



To: Gush who wrote (893)6/20/2005 6:36:26 PM
From: Walkingshadow  Read Replies (1) | Respond to of 4814
 
Hi Gush,

You still in PLUG?

Very nice trade... but today there was a reversal candle outside the BBs, and Williams is showing early signs. I think we'll see a correction here, a pullback inside the BBs.

139.142.147.218

PLUG may have another day of upside or sideways shuffle, and I would watch for further evidence of technical deterioration. But PLUG will no doubt offer another entry soon after a pullback. If you are really slick you can play both the pullback and the reversal.

T