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To: J.F. who wrote (166006)	10/4/2007 8:52:21 PM
From: lexi2004	Respond to of 208838

What I like to do if I trade a stock regularly is watch how it trades and that's what I did with GNBT for I traded it so much. I found out that many times it would retrace at least 50% intraday, so as soon as it would hit its first HOD and pulled back, I'd put that high in my fib calculator and then put the LOD from the previous day. If I sold first thing in the morning, I'd put in a bid for .01 or so above the 50% fib. Even if the stock did hit that 50% fib, there might be a lot of people waiting for it, so I always added a cent or two to make sure I got in if it pulled back to that area. I was just evaluating a stock for a friend and it was something the way fib levels went right along with previous highs or areas of S or R. I am so glad I started using them for they are really helpful to me. I did some fibs last weekend and put them in a spiral for some of the stocks I am holding. When I sat down this evening to turn on the computer I looked at that notebook and saw my fibs on CPST. The 79% fib was 1.32. Either yesterday or the day before in after hours it ran quickly and it stopped at 1.31. Now that is close enough for me. LOL Thought it was very interesting that it went there. As I stated earlier, when I use fibs I often sell or buy for a few cents different than the actual fib. So that 1.31 would have been a sell area for me if I had wanted to take that amount. The 1.0 fib is 1.48 and I'd be looking at least for that probably. Lexi