Spydertrader's Jack Hershey Equities Journal II

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Quote from Spydertrader:

Sold COGO this morning. I probably sold too soon (price has yet to hit the left trendline on the daily charts), but I leave with a profit.

- Spydertrader
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I actually like the way COGO looks on the daily. As long as the price stays above the right trendline, it should be good for entry tomorrow if it bounces.
 
Quote from stevegee58:

I actually like the way COGO looks on the daily. As long as the price stays above the right trendline, it should be good for entry tomorrow if it bounces.
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Me too. Unfortunately, I don't like the look of the 30 minute chart for COGO. If we get an FTT down along the right trendline (pink arrow), I plan to re-enter there. If no signal develops, I'll look for another train to catch.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1214650>
 

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yup, and here's hoping it was thrown with gusto!

i had been waiting for this one to come out of DU

it will have considerably more volume than yesterday @ this point

we'll see how it turns out in due course
 
Quote from Spydertrader:

Judging from the trade volume occurring at that time, a whole lot of people (not just me) don't seem to have a problem holding through econ. reports. Nothing unusual here at all.

- Spydertrader
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Cool response in the face of typical negativity.
Nice "low risk" rocket trade.

Still lurking and learning.

JY
 
Been watching FTEK bust up for 10 minutes now. It has run up .25 from when I first thought "I should buy some, but it has gone up *so much*" :)

Spydertrader, do you jump onto stocks that take off so fast, or do you wait for pullbacks?
 
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