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

To: chowder who wrote (6394)	12/11/2005 3:29:59 PM
From: chowder	Respond to of 13449

Re: BRCD update ..... In the link below, I provide an analysis for BRCD and it is a long term holding. Message 21940424 In the message above, I mentioned that I was taking profits on 1/3 of my holdings with a profit of better than 12%. It was the right thing to do because the position now is only up 3%. Even though I have a long term view for BRCD, it's important to understand levels of resistance as price rises. When you bottom fish, that fish has a lot of overhead supply waiting to come to market. You've got a lot of people who are losing money on this stock and are just waiting to sell as price rises. Recognizing where some of that supply will come to market enables one to take some profits off the table and not give back all of their gains on these corrections. I'm now in a position to buy that 1/3 back, 9% below my exit price, and try to repeat the profit taking exercise. This weekly chart will show price rising up to a declining 50 week moving average. This is where I thought supply would come to market and where I took some profits, as noted in the link above. stockcharts.com[h,a]waclyiay[d20041205,20051211][pb50!b20][vc60][iut]&pref=G dabum