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Strategies & Market Trends : Strictly ..... Bottom Fishing -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (29)	4/9/2007 11:58:13 PM
From: mach	Respond to of 489

I've had some EPEX since late Jan. so it's good to see it showing some positive action. Thanks for starting this board and your other board, they are very educational and I have learned (and re-learned) much. So here are two possible candidates for Bottom Fishing for your consideration: JRCC and ESLR. Both have broken through their down trend lines over the past 1-2 months. ESLR has formed a rising triangle over the past 6 weeks and is near the breakout point of around $11. JRCC is entering overhead supply in the $9-11 range. Mark

To: chowder who wrote (29)	5/23/2007 1:55:31 PM
From: chowder	Respond to of 489

On 4/9 I presented a buy set up for EPEX. It was the type of set up that professional traders look for. (This message is linked to that analysis.) Part of that message was the buy set up and profit targets. >>> Entry target $13.35. Look for price to slowly work up to the $14.40 - $15.00 price range where I would take some profits off the table. Will look for $18.50 on the remaining position. Stop under $12.20. Will continue to raise the stop as price rises, to insure against any whipsawing action. <<< The first profit target has been achieved and I sold 1/3 of the position at $14.60, a profit of $1.25 per share, or up 9.3%. I am now moving the stop up to the entry point of $13.35 to insure this profitable trade does not turn into a loser. What is so nice about waiting for low risk entries, is that you can show a profit almost immediately, even if it is a bottom fishing stock. You don't have to hold and wait and wait and wait. Additionally, when I see a low risk entry, I'm in with a full position. Therefore, if the trade is profitable, it adds considerably to the portfolio's bottom line. Nothing worse than picking a stock that will make a come back, you time it correctly, and then you only have a small position. If we want to perform like a professional investor, we must use the same techniques they use. Our scale may be smaller, but the techniques are the same and the results are consistent profits. No more roller coaster results.