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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!

Tuesday, March 01, 2005

PACT re-entry...

PACT was re-called this morning from $9.10 to the low $8 . I called it again obviously too early. A fool i am for not checking the charts! Remember, $8.06 is currently the 50-day-MA.

If you made at least 30-45% profit on PACT already, i do not recommend re-entry unless you are a fast trader. Otherwise, you may regret it. I traded enough stocks to know that when you have a one day move of 45% in a stock, it's rarely a good idea to re-enter. Those who didn't play last Friday but want to play now, of course you are taking quite a risk. Be prepared!

posted by beanie11111 | 10:15 PM

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