Recent content by spon

Thanks Spyder. great recovery from your initial loss today! i didn't have any of those stocks in dry-up from the scan. were they "eyeballed"? just curious as I'm trying to follow the system as closely as I can so that I remove the "emotion", which always gets me in trouble, from the equation.

entered MTEX this morning @ 13.49. even tho it reached FRV, I sold 1/2 my position @ 14.70 for a 9% gain. I was really tempted to hold onto the whole position since FRV was reached and it looked so stong, but I wanted to lock in some profits.

Thanks Spyder. I just set up the normal 10% target and 5% trailing stop for 1/2 my position and the other 1/2 for a tigher 2% trailing stop to protect profits, as you suggested. I need to get some back after the bath I took on VPHM last week. lol.

I entered ENG today @ 10.70. It reached FRV by closing so I'll hold it as usual with a 5% trailing stop and 10% target.

exactly. I got hammered today on this even with my stop loss order. ohh well, live and learn.

make that 3 of us on IIJI

today: entered VPHM @ 19.77 it didn't hit FRV so sold before closing @ 20.42 3.3% gain entered LUFK @ 61.08 it didn't hit FRV so sold before closing @ 60.80 wash transaction LUFK was in dry up the day before yesterday, so I still had it on my watch list. it looked great this AM but...

Mak and Spyder. thank you both for your excellent posts!

entered NGAS this morning at 10.89. has already reached FRV so I'll hold it with the 5% trailing stop and 10% target

sold VPHM today for a 1% loss, so I guess I answered my own question. lol. will probably sell my remaining 1/2 position in LUFK tomorrow morning. currently up 16% and didn't like the little dip this afternoon before closing. didnt' have anything on my dry up list for today. hope tomorrow...

thanks Jack, your feedback is very much appreciated. I understand what you are saying regarding softening the targets. it's like the old saying about reading between the lines. most of the action takes place between the extremes and those are the channel waves we want to ride to the top of...

nice day for me today. sold REDF this morning (too early as it turns out- lol) for a 2% gain and 1/2 my position in LUFK at the 10% Hersey target. i'm going to hold the rest with a really tight trailing stop hoping to hit 60. what are everyone's thoughts on trading stocks a day AFTER they...

thanks Jack

I am also still in REDF b/c of the same reasons. I saw all of the buy signals line up in the AM so I bought a long position. The volume dried up for the rest of the day, so I should have sold for the small gain before the close, but was away from my computer and didn't get a chance. I am...

I have REDF, SWN and VPHM as dry ups to watch tomorrow