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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 24, 2005

USEG: The time is now to buy it!

Nice break of this morning's high!

4 Comments:

Blogger Elliott said...

when would you recommend a sell?

Thu Mar 24, 11:59:00 AM EST  
Blogger Elliott said...

i use scottrade. what do you use? I hate the unsettled cash bullshit. Recommend anyone else?

Thu Mar 24, 12:09:00 PM EST  
Blogger beanie11111 said...

To tell you the truth, most of my money is in LEXR right now, and i am about to call it a day. LEXR is stealing everyone's thunder. I am holding LEXR for the earnings tonite. As long as management doesn't say anything stupid, i believe LEXR is headed for $12 minimum. If it tanks tomorrow, i would have to trade my way back to breakeven. Note that my first entry in LEXR was the mid $5's premarket. Good luck and have a great weekend.

Thu Mar 24, 12:19:00 PM EST  
Blogger beanie11111 said...

With respect to USEG, if you didnt sell when it rounded at the top, it is now a little too late (unless of course you want to sell it to buy LEXR..lol). USEG had a 50% retracement of the gains from the $4. So $6 is very strong support. Today we have a reversal because the support held. You would hold USEG right now.

Thu Mar 24, 12:21:00 PM EST  

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