Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: james r. davila who wrote (6107)	4/18/1998 1:03:00 AM
From: LzzrdKing	Respond to of 7396

<<Lzzrd, why would you sell CMED, are earnings next week? Stock looked great on Friday hitting a double top. Also nice chart with APCO forming, comments please? jim>> Sold CMED for two reasons. Last time CMED rose over 10 Prudential sat on the offer for 2 days and that put an end to that rally. And vol those two days over 10 was 2 and 3x todays vol. So today, the move was fueled by news that really is no big deal for cmed, a deal with TAVA, and vol was light. Then, once again PRUS hit the offer over 10, and I was out. I have a strong belief that a stock should prove to me it can break out. Thus, often I sell a stock near the high and make it break, at which point I rebuy. More often than not I am right as the break doesn't occur. Agree on APCO nice chart but I wont buy break, its extended and I would only buy a move off of support. The stock is 100% over its 200 dma, which in canslim lingo is a time to sell, not buy. If the momentum investors think it's time to sell, then that's a good enough reason for me not to buy a break. Much safer too at support, stock has acted well there. I would buy around 12.