AI
Monday, October 06, 2003 6:39:06 PM
DCTM Looking for 25, raising the trailing stop after entry target (23.10 buy trigger) moves up $0.50 to $0.75 to break even or at a key moving average (23.89 was high) Once you have $0.50 to $.75 profit you raise the trailing stop in this case to 23.25 or 23.30(area of the 50 period ma) If you get stopped out, at least you have a gain. I'm holding some DCTM also with a stop at 23.25 and expecting a move to 25 (see weekly chart) Profit taking should be expected but the chart is definitely in a strong uptrend.. MACD breakout today, CCI very strong and stochastic strong.
Looking for the bigger picture here as DCTM has the qualities we look for in a potential swing play. We didn't give up on USNA (one day pullbacks mean nothing), FLML, and today NVEC and JCOM which finally held the rally. Another strategy of course is to take the profit as DCTM was up pretty much until 12:45. I like to PUSH these trades and even if I'm holding 20% of the position we can always add to it tomorrow. If we hold nothing, we'll just forget it and it'll move up without us.
Looking for the bigger picture here as DCTM has the qualities we look for in a potential swing play. We didn't give up on USNA (one day pullbacks mean nothing), FLML, and today NVEC and JCOM which finally held the rally. Another strategy of course is to take the profit as DCTM was up pretty much until 12:45. I like to PUSH these trades and even if I'm holding 20% of the position we can always add to it tomorrow. If we hold nothing, we'll just forget it and it'll move up without us.
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
