----- Original Message -----
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 -----
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 -----
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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