Catching the falling knife.....hot through butter

kgharris · Jan 2, 2004

Quote from newtoet:

FYI - FMKT gapping up this morning on news. Good luck.

Yes indeed. Continuing today. I have this in double digits in the next month. Good luck.

iriekity · Jan 2, 2004

Quote from kgharris:

Yes indeed. Continuing today. I have this in double digits in the next month. Good luck.

Yes the strategy is producing decent results today
FMKT
LDL
IUSA

All doing well

BFUN is down a little but still decent return % from initiation.

For today looking at FRN

iriekity · Jan 2, 2004

If anyone is interested and wants to watch some of these names and set ups here is the screen I use, this part of it is free:

http://www.trade-ideas.com/StockInfo/more_down_days.html

I believe the more eyes the better.

iriekity · Jan 2, 2004

LDL looks like it could really try to make move. Keep an eye on it!

kgharris · Jan 2, 2004

Quote from kgharris:

Yes indeed. Continuing today. I have this in double digits in the next month. Good luck.

HAPPY NEW YEAR! Going for $8?

maggandre · Jan 5, 2004

Quote from kgharris:

Yes indeed. Continuing today. I have this in double digits in the next month. Good luck.

I took a small position in this [FMKT] the last week of '03, planning to add later. But, it got away from me. Same old thing - I always wish I bought more.

I hope we see a pullback of some consolidation. I agree it will be double digits soon.

Best of luck.

newtoet · Jan 5, 2004

Quote from maggandre:

I took a small position in this [FMKT] the last week of '03, planning to add later. But, it got away from me. Same old thing - I always wish I bought more.

I hope we see a pullback of some consolidation. I agree it will be double digits soon.

Best of luck.

May not get the pullback today - moving up above $8!!!

iriekity · Jan 5, 2004

FMKT really working well.
LDL is also finally starting something.

Based on screener there is really nothing new for today just holding and trading portfolio.

kgharris · Jan 5, 2004

Quote from maggandre:

I took a small position in this [FMKT] the last week of '03, planning to add later. But, it got away from me. Same old thing - I always wish I bought more.

I hope we see a pullback of some consolidation. I agree it will be double digits soon.

Best of luck.

FMKT is running into resistance from the gap down at the end of Oct, ~8.20. I would expect a pullback here, or at least some sideway consolidation. If the action looks good, I will add to my poisiton with a 1st target ~9.82.

Still like it for double digits in the next few months, if not sooner.

Good luck all.

maggandre · Jan 5, 2004

Quote from kgharris:

FMKT is running into resistance from the gap down at the end of Oct, ~8.20. I would expect a pullback here, or at least some sideway consolidation. If the action looks good, I will add to my poisiton with a 1st target ~9.82.

Still like it for double digits in the next few months, if not sooner.

Good luck all.

Thanks for the analysis. It is giving 8.20 a run after hours, so that pullback may not happen just yet!!! What are you in from?