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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 22, 2005

USEG: When it broke the lod, it was time

to sell, if you were watching, but you would have made a mistake to sell it all the way to $6.50, which happens to be another support level. That was the level to buy the stock back. The market reacted badly to Greenspan, but to throw all your stocks away without buying it back at the close is insane.

ELTK was called at $2.60 this morning and was recalled again in the low $3. If you hit profits on those two runs, congrats! The first run went to 3.50 and the second run ran almost to $4. When the market tanked it was time to take profits. But to sell ELTK all the way to low $3 is another insane move...lol... Congrats if you bought ELTK near the close at the low $3! This is how the game is played and when you are confused, look no further than the support levels!

Let's see what tomorrow brings. I think the nasdaq will rally back above 2000.

1 Comments:

Blogger beanie11111 said...

No i don't offer an alert service, but you can always come to my blog to find out some of my plays. I also announce my the plays in the yahoo message boards. Currently in mostly INCX and USEG message boards.

Tue Mar 22, 08:26:00 PM EST  

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