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


To: chowder who wrote (6137)11/14/2005 11:04:00 AM
From: CommanderCricket  Respond to of 13449
 
Dabum,

BRCDE - a blast from the past. Would've thought these guys had gone BK by now.

POS company

Michael



To: chowder who wrote (6137)11/14/2005 11:17:52 AM
From: E_K_S  Read Replies (1) | Respond to of 13449
 
Hi Dabum3 - I have been a long term holder of BRCDE. Based on your review this AM, any longer term price targets. It has been stuck at $8 every time it gets there and then will fall back to the $4 area.

Does the chart pattern and stock accumulation show a possible break out above that price range perhaps into the $13-$17 range?

The company from a fundamental view seems to have all the bad news behind them and is well positioned with their new product technology. I continue to hold my shares.

EKS



To: chowder who wrote (6137)12/3/2005 8:50:55 AM
From: chowder  Read Replies (1) | Respond to of 13449
 
Re: BRCD ..... On 11/14, I suggested BRCD for those of you who like to buy low priced, beaten down stocks and hold for the longer term.

This is what I had to say at the time.

>>> For those of you who like to hold longer term, BRCDE had the type of chart pattern today that I like to try and take advantage of.

It's a stock that has been beaten down. It gapped up at the open in the double digit range and traded as much volume in the first hour than it does on an average day.

This type of volume and price pattern, coming off a beaten down stock, often times is the first step on the long road to recovery.
<<<

Message 21882917

The price had gapped up at the open, rising above both the 20 day and 50 day moving averages. The key to this price movement was the volume. It traded more volume in the first hour than it normally does in a day.

I was in at $4.05.

Here is what the chart looked like at the end of that day.

stockcharts.com[h,a]daclyiay[d20050914,20051114][pb50!b20!f][vc60][iut]&pref=G

When you have that huge volume accompany price movement, that's usually an indication that you've seen the bottom and price should start on its way to new highs. It may take a while but, that's what makes it so good as a long term play. You are showing a profit immediately and it's simply a matter of managing the position as you move forward.

Shortly after the open yesterday, I was up 12% on this position and I posted here that I was taking profits on 1/3 of my position. I did this to insure against a pull back in the event one occurs. Since I am wanting to hold this position long term, I am giving it a lot more room than I usually do with regards to a stop. I can withstand a pull back now because I have a 12% profit in hand to work with. It's much harder now for the market to shake me out and I also insure myself against a break down in price, since you never know that things will work out as planned.

Here is an up to date chart with entry and partial exit.

stockcharts.com[h,a]daclyiay[d20050914,20051202][pb50!b20!f][vc60][iut][J64055179,Y]&listNum=1

dabum



To: chowder who wrote (6137)4/1/2006 5:51:40 AM
From: chowder  Respond to of 13449
 
Re: BRCD ... As most of you know, I'm currently in BRCD, but I did not include those results in The Portfolio. The reason I didn't include BRCD was because I wasn't able to give the set up prior to the market opening, on the day I bought it.

It was an hour and a half into the trading day on 11/14/05 when I brought BRCD to the attention of this message board. This message is linked to that message.

BRCD is up 65% in the 4 1/2 month time frame the position has been held and I am continuing to hold the position.

In at $4.05.

stockcharts.com[h,a]daclyiay[d20051111,20060401][pb50!b20!f][vc60][iut!Lc20]&pref=G

dabum