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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!

Thursday, March 17, 2005

USEG: Here's a sleeping giant that's about to wake up!

All it needs to do is break $6 (preferably $7) and stay above it.

This is what we are running up against:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=useg&sid=0&o_symb=useg&freq=2&time=12

But once we break the resistance(s) at these levels, guess where we headed? Start salivating because...... check this out:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=useg&sid=0&o_symb=useg&freq=2&time=20
Shouldn't it give us a minimum of $15 this time? Well, let's see how precious our steel, oil, gas, etc., are these days.......

posted by beanie11111 | 8:02 PM

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