Let's buy 1/2 position of TIE right now.
Let's buy TIE @ 26.40 right now right here. Buy the other half on a dip or on a rise above $27. Let's do it!
I think TIE has already bottomed. Commodities stocks are definately not done yet and i suspect the metals stock will rally year end.
I think TIE has already bottomed. Commodities stocks are definately not done yet and i suspect the metals stock will rally year end.
posted by beanie11111 | 2:12 PM
3 Comments:
All my picks have been either daytrades, swingtrades or longer term.
For example, RMBS, VLO, XMSR, SHFL are all swingtrades and longer term trades. In fact, most of them were profitable as daytrades! (If you like that quick profit, you can always treat them as daytrades).
That's why i try to pick good stocks so it fits all three categories.
TIE is an iffy as a daytrade because i missed the stock by one day.
The best thing to do is to treat the stocks as swingtrades, but you need to take some profits if it moves up too quickly.
From now on, i'll try to give potential target price in an intermediate timeframe.
Beanie
TIE is not the stock i am most excited about. It is stuck in a trading range and will only breakout from here once it trades above $27.20 . Unfortunately, the stock can also go lower to $24 and then possibly to $20 if it gets weak.
That's why i would NOT buy the second 1/2 portion yet until the stock trades above $27.20. If by the chance event it goes to $20, then i would average down the 1/2 position right there. If TIE weakens, it will definately be for a longer term trade. I just don't think commodities are done yet.
CME: i like it at $430 much more than the current price. It just hit resistance at 460 today and there is also decent resistance at 475. I would wait on this one, to see if it weakens or strengthens some more.
NYX: the stock just hit strong resistance today. It needs to trade above 63 for a buy at this point.
Post a Comment
<< Home