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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Buddy Smellgood who wrote (3626)1/8/1999 4:26:00 PM
From: BANCHEE  Respond to of 56535
 
Buddy
I've been play bill for six months.Usually
buy low 10 and sell little under 13. Missed
a couple of spikes but it has become rather
dependable....
Banchee



To: Buddy Smellgood who wrote (3626)1/8/1999 4:38:00 PM
From: Tony B  Respond to of 56535
 
Buddy - BILL -

I wouldn't touch it as a day trade; you just never know when it's going to move.

As a position trade, I made money on it once. This time I played when it was at 11.5 (a few weeks ago). It got up to about 12 before plummeting back to <11. Lately, it looks as though it has really gotten stuck in the 10 3/4 - 11 1/2 range. If I were on the outside looking in, I'd watch for it to show some strength and getting above 11 3/4. The next time it breaks that, I think (hope) it could get to 13+.

I would just keep an eye on it to show any strength. There are much better plays out there at this point, though.

Good luck.

llater,
Tony B