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Re: [RT] post questions

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 When it was down a buck, I added a thousand.  If it falls to $25, I'll add a block.  (Unless of course, some news hits which can't be foreseen).  Sometimes, the market offers us gifts .. When TOM agree to a buy out from a private investment firm at $16.80, their board approved .. the Fed had no interest in it .. the private firm had financing arranged and the papers were signed.  Still, the stock was at $16.40 ... I bought two blocks .. made $8,000 in 30 days at as little risk as it gets.  CHK has so many fundamentals going for it that about the only thing I worry about is an SEC investigation and with utility companies, that is highly unlikely. 

But, Ira.. I see your point and it is crazy to not make money going both ways and I normally do that but with this particular firm, I only want to own it and own it at the least possible basis. 

Thanks to everyone for the advice and opinions.

Bob

At 11:34 AM 5/22/2006 -0700, you wrote:
Well, it didn't even hit my entry price so there was nothing to worry about.
 
 
Bye all,
----- Original Message -----
From: mr.ira
To: realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, May 20, 2006 10:27 PM
Subject: Re: [RT] post questions

You see,  Here is what I mean. 
 
I assume that this is Chessy Energy that you are talking about. 
 
I have price in a range between 34 and 25.50.   It is in an up move until 25.50 is taken out and then this retracement has a target price of 26.   Right now it is at support from a longer term move down at 28.75.  You should get a retracement here and the retracement shouldn't take out the 33 level.   If 25.5 is taken out the next target to the downside is 22.
 
This current retracement up should meet resistance at 30 dollars and hit a target of about 30.50.  About a 1 point move from here.   If long I would exit there. 
 
So you would be 100% invested when I am exiting 100% and looking for a congestion area or further down retracement before another up move would start.
 
We are both looking at the same chart and seeing different things.  Right now the major move is down and anything to the upside is nothing to get excited about.  The upside is tradable and can be profitable.   Like everything else in life, what is seen is in the eyes of the beholder.
 
Once again, just one man's opinion.  Ira.
 
PS.  Finals on Monday and then a vacation.  See all when I return.  Have a good week.
 
----- Original Message -----
From: Ben
To: realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, May 20, 2006 8:35 PM
Subject: Re: [RT] post questions

Hello Bob
I have attached a chart of the perfect stop loss
the levels were I would buy would be
at a close above 29.27   will buy 25%  of position with stop loss at 27.98
 
will add 25% to the position on a close above 29.78
buy  full 100% of position at  close above 30.68
 
sell 25%  at profit at 31.10
sell another 25% at  31.89
sell  rest at  32.36  or move stop loss to  31.1   with increasing that  stop loss every time the stock makes a higher hi
Ben
----- Original Message -----
From: BobsKC
To: realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, May 20, 2006 10:32 PM
Subject: Re: [RT] post questions

A kind and generous offer Ben. 

It seems to me that traders try harder every year to get ahead of historical swings and this time, it's the summer doldrums they are trying to beat.  So, instead of waiting for the dreaded summer months, they are bailing now to beat the rush.  The good news is even these swings can be predicted if one just looks at the past performance of the markets versus chronological changes and geo political events, etc.  Whatever the trend is, the traders will be trying to get ahead of that trend. 

The fundamentals are still good.  P E's are in line and earnings are growing.  Inflation is low and controlled.  Employment is strong
while on the negative side, housing is falling off and some consumers are being pinched with ARM's.  I was 100% cash until late this week when I began buying again and will continue to buy as it falls. 

To get your kicked off with your offer, here is one for you.  I already own CHK at $28.80 and will buy more if it dips below that.  The CEO recently bought a large block and they have sold 70% of this year's and next year's production at $10 so as natural gas falls below $6 cash, it means little to CHK in terms of earnings.  What do you think about it?

Best to all,

Bob

At 03:19 PM 5/20/2006 -0400, you wrote:
hello
you are about to make a trade?
before making it
post it
get a second opinion
the answer will be posted with charts to explain reasons why yes or no
Ben


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