any WCOM traders?

Ken_DTU · Apr 30, 2002

Bought my first position here for swing trade 2.15- 2.25 long this am. Usually I'm not swing trading this market, but WCOM at 2 is tempting.

ken

Ken_DTU · Apr 30, 2002

using .5 res

eg use trail stop 2.45 .. for a swing trade, trailing stop would be at the entry max ..

good for a clip

crazy_trader · Apr 30, 2002

Ken, you are back!

limitdown · May 6, 2002

look at where it is now, 1.77 (1:49pm 5/6/02 EST)

trader88 · May 6, 2002

Maybe time to turn this into a long term INVESTMENT?

JWest0926 · May 6, 2002

I'm in WCOM friday at 1.73. Broke all my trading rules with the buy, but what the heck, position is chump change anyways...

Babak · May 6, 2002

Pristine has guided its minions to buy above $2 so watch for it. I know they can't move such a liquid stock but there may be a tonne of buy stops so just be careful.

version77 · May 7, 2002

Yes, Pristine says buy at >$2 and have your stop at $1.48.
That seems to be about 25% of your position. I would like
to know how in the world they came up with their stop
at $1.48? This sounds like a humongous stop to me...

JWest0926 · May 7, 2002

Yes, how do they come up with a stop at $1.48? Maybe there is lt support at $1.50, I can't find a chart LT enough. With most likely strong resistance at the 20dma, currently at $3.50 and dropping fast, I don't see how a stop at $1.48 is good Risk Reward.

Looks like WCOM's opening above $1.90 this morning.

version77 · May 7, 2002

Another interesting point about Pristine is that they expect a
$1-3 advance within the next few days. Do they really think
WCOM will bounce all the way back to $5 in a few days?

I will eat my hat if WCOM bounces back to $5 in a few days...