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


To: sixty2nds who wrote (8565)3/24/2006 12:59:37 PM
From: sixty2nds  Read Replies (1) | Respond to of 13449
 
Bombs away...gtc sell TWX @ $17. I'm not going to fight the overhead resistance and "hope" for the low 20's. I've been doing just fine flippin quarters on the corner whistling 19th Nervous Breakdown while I work. Selling out gives me the quarters better known as dry powder. I may have to book another 30 days in rehab. Later, S



To: sixty2nds who wrote (8565)3/24/2006 7:24:48 PM
From: chowder  Read Replies (1) | Respond to of 13449
 
TWX has been forming a 2 year base. Where does it go in the next 2 years?

You must do what you think is right.

Personally, I'd take the loss and move on. Start a new slate and never, ever take a loss of more than 8% to 10% unless it's part of the predetermined strategy to risk more than that. The key word being "predetermined."

Monthly chart:

stockcharts.com[h,a]maclyiay[d20010324,20060324][pb40!b20][vc60][iut]&pref=G

dabum