just bought IOC and AAPL

that move took balls. none of my trades seem to be working out. its a tough enviornment. i was up and now i am down for the day.IOC and AAPL hurt me a bit. need to be a bit faster. anyway,great job!
 
Quote from executioner:

my girlfiend's father works for a major firm in NY and he always says once a stock breaks a major technical area always short. he is so right.
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Yes, the key word there is A major technical area, not 6 technical areas:

20 day MA at 39
June low at 36.25
50 day MA at 33.76
May low at 27.5
April low at 26.05
200 day MA at 25.86

After nearly a 50% drop, I think it's entitled to rebound a little now...
 
Quote from jimcrist:

Yes, the key word there is A major technical area, not 6 technical areas:

20 day MA at 39
June low at 36.25
50 day MA at 33.76
May low at 27.5
April low at 26.05
200 day MA at 25.86

After nearly a 50% drop, I think it's entitled to rebound a little now...
More...

You may be right, but catching a falling knife is not wise usually.
 
it was over 20.00 after hours.

Company came out with a statement saying "selling is over done"

I made a few bucks on 4k shares early in the day but I didn't buy until it broke 20. I sold because the company hadn't put out anything during the week's drop. I will watch it Mon and see which way to go, that is if Schwab's Cybertrader has any shorts. I don't think they did on Fri.

Don
 
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