Beanie11111: JCDA: Needs to break $3 and then we really

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Location: USA

The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Wednesday, March 30, 2005

JCDA: Needs to break $3 and then we really

will be on all traders' radars. The reason we are having a tough time is because traders are selling at the high $2's, using whole numbers as resistance/support (like i talked about to qtpie the other day). Once it breaks $3, traders will dive back in.

ELTK is looking good above $5; buy only if it breaks hod.

LANV is holding support at $4 nicely. I think it is a nice buy here for a swing trade, but sell it if it breaks lod.

JCDA i have a feeling will break $3 today. It is not on the most active/highest % gainers list yet, but once it breaks $3, i am sure it will be.

2 Comments:

Elliott said...: would you hold jcda overnight?; Wed Mar 30, 11:07:00 AM EST
beanie11111 said...: elliot,

it depends how it fares today. I gotta see what happens as the day progresses.

I am already out of JCDA in the high 2's. Waiting to buy back with a break of $3.; Wed Mar 30, 11:45:00 AM EST