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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: profile_14 who wrote (5228)8/24/2005 7:36:14 PM
From: uncle1  Read Replies (1) | Respond to of 13449
 
profile where is your stop loss for RIO and SID?



To: profile_14 who wrote (5228)9/10/2005 5:59:37 PM
From: profile_14  Read Replies (1) | Respond to of 13449
 
I think we have a breakout on RIO. Let's see if there is follow through on Monday. What a nice move for both RIO and SID in 15 days or so. Got back into RYVNX at the close Friday at 20.43 and also scaled in a large OIH put position at an average price of 2.26 for OIHVC. I think the OIH is ripe for a pull back as the price of oil declines. Notice it closing near 64 after breaching 70. That ought to take VLO down with it as well as it continues to rise on falling volume and a falling MACD pattern in an extremely overbought condition.

Best regards,

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