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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: Ryan Mak who wrote (5428)3/25/1998 9:00:00 PM
From: LzzrdKing  Read Replies (1) | Respond to of 7396
 
Ryan, here is what I see on MAPX.

Today was a failed breakout, but it wasn't that terrible. Late in the day all the bids fell away. The stock is obviously very strong and needs to consolidate a bit more. I would look for an entry in the low-mid 15 area. the bottom of the channel now is around 15 1/2. It's just a matter of time till it pops, but I would bet that vol to the downside is light, meaning no sellers. That is the time to be a buyer.