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Post# of 47295
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Alias Born 11/10/2004

Re: None

Thursday, 05/11/2006 2:03:22 PM

Thursday, May 11, 2006 2:03:22 PM

Post# of 47295
OK I said I would post the GTE new paper swing trade.

Remember the target numbers. 1/4 of total play at open 1/4 (+ or - 5%) from open; 1/4 (+ or - 10%) from second; and 1/4 (+ or - 5%) from third. Sell profit at 25%. sell loss 12.5%

Start today $1.00 1/4 bought : sell at $1.25 or $.88 (goals +25%/-12.5%)
Next entry +/-5% from $1.00 at $1.05 or $.95 (goals +25%/-12.5%)
second entry sell at $1.31 or $.92 : 1/4 bought @ $1.05

So far 2 positions open $1.00 & $1.05
1st sell $1.25 or .88
2nd sell $1.31 or .92

Third entry +/- 10% from $1.05 at $1.16 or .94; buy order placed at $1.16 ! not closed yet.
Forth entry +/- 5% from third.




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