posted
Looks good to me, although I'm not sure you'll see 1.01 tomorrow. If you could get a fill for that price, you'd be set. But it depends on where it opens tomorrow and the initial trading activity, you may need to buy a bit higher.
But anyway, I think this is looking good for a short term (5-10 days) move to about 1.25 or so. The next major level of resistance is 1.35, which is not out of the question either. So either way you're looking at about 10-30% in a week or two. Not a bad trade if you ask me.
posted
Any thoughts on PPHM? I bought at 2.42, and resistance looks to be right at that amount. Thoughts appreciated. Just found this site on the weekend and really sold on oversold approach. Sharp and direct replies on this message board very refreshing. conrad1924 Posts: 15 | From: Maine | Registered: Feb 2004
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posted
CRDM is a great find, MN Trader, but I also doubt you'll be able to get in at 1.01 (unless the market as a whole declines). 1.03 is probably realistic, and 1.02 would be very good, IMHO.
[This message has been edited by TraderTom (edited February 08, 2004).]
posted
Thanks for insights on PPHM. It is a bit troubling when NSQ went up and my stock didn't. Will watch it. Thanks again.
quote:Originally posted by TraderTom: CRDM is a great find, MN Trader, but I also doubt you'll be able to get in at 1.01 (unless the market as a whole declines).
Conrad, I don't like the intraday action last Friday - the market as a whole was very bullish, while PPHM dropped 5%. Also, the price pushed to 2.5 twice, just to return to 2.4 immediately - looks like the MMs took out buy stops. I'd be worried it'll drop further on Monday.
Posts: 15 | From: Maine | Registered: Feb 2004
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posted
Thanks for insights on PPHM. It is a bit troubling when NSQ went up and my stock didn't. Will watch it. Thanks again.
quote:Originally posted by TraderTom: CRDM is a great find, MN Trader, but I also doubt you'll be able to get in at 1.01 (unless the market as a whole declines).
Conrad, I don't like the intraday action last Friday - the market as a whole was very bullish, while PPHM dropped 5%. Also, the price pushed to 2.5 twice, just to return to 2.4 immediately - looks like the MMs took out buy stops. I'd be worried it'll drop further on Monday.
Posts: 15 | From: Maine | Registered: Feb 2004
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posted
it will be difficult to get a fill at 1.01. I am ready to buy around 1.07 or so. Range bound stock will go to 1.20-1.30 no problem. Low risk play.
Posts: 45 | Registered: Dec 2003
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posted
was gone all day and you were correct I didn't get it at 1.01 - Will try for 1.05 tommorrow, will away from my computer again. Thanks for all the help.
Posts: 547 | From: Edina,MN USA | Registered: Feb 2003
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posted
Probably not a buy anymore. Volume is very low for me. Market will probably be flat this week, so I'd wait to open a long position.
Posts: 45 | Registered: Dec 2003
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posted
MN Trader...Thanks for this tip. I bought on Tuesday at $1.06 and sold today at $1.20. Now, did I sell too soon? But I needed the $$. Thanks again for sharing with the board.
Posts: 6 | From: FL, USA | Registered: Jan 2004
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posted
i was gone all day Friday so missed the chance to sell at the high. still holding but will probably put a tight stop on it Tues. - thinking 1.15 to protect my $100 profit.
Posts: 547 | From: Edina,MN USA | Registered: Feb 2003
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posted
I missed out on this. Got pessimistic on the down days. Never entered. Didn't watch it on Friday. I am just a little bit concerned on the general health of the market as a whole. That's what making me bearish.
posted
Got out today at 1.32 for 25% profit. Got lucky when I picked my sell price early today.
Posts: 547 | From: Edina,MN USA | Registered: Feb 2003
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