Ers

I got thumped by that rascal... :(

<img src="http://bigcharts.marketwatch.com/charts/big.chart?symb=ers&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&size=2&state=8&sid=155851&style=320&time=6&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=8305&mocktick=1">
 
The ONLY time that statement is true is when the stock is at $0. :D


Quote from Restricted:

looking at that chart it seems like most of the risk is out of it...
More...
 
Good old ERS....I was the taker today...Picked up a nice block today at 18.50....Holding for a trade, but will dollar cost around 16 if we go lower.....I don't think I was the only one purchasing today....Look at the 1st increase in Money Flow for today, also P/E Ratio of 18 is where it bounced on the 24th at a price of 18.50....Hence this is why I had my order set up at this price....I believe this may be some type of short term support level and I'm not claiming that the stock V-lines back to 60, but 25 could be very reasonable given the stock's volatility and a large increase in short positions covering...

Needless to say I'm trying to call another bottom!!!

$COSTAverageMAN
 

Attachments

Just keeping up with this ERS trade.....I added today at 17.05 to the ERS position....I dollar costed the 18.50 purchase on 6-1-2006 at a 3:1 ratio today.....My position is open @17.41 and I am looking for a retracement to 22-25 level by August or later...

..I plan on adding more shares around the $15.00 level at a 5:1 ratio of the original size for a open position of 16.07.....

Did the chart fool me on 6/1/2006.....YES it did!!!!----Still looking for a bounce back, but this may end up costing a pretty penny If it keeps droping with the market....

$COSTAverageMAN
 

Attachments

You must log in or register to reply here.
Back
Top