AI
Thursday, October 30, 2003 10:35:06 PM
GTRC called short and the 35 puts (VSEA we have no position just waiting for the gap 'n crap at the open (maybe it snaps but the stock was not considered a long or short through the report).
Daily triggers have no meaning if the stock tanks ABOVE THE TRIGGER SHORT (or pulls back AT THE long TRIGGER hitting a spike high just at the trigger!) and finally near the support level it triggers short and $0.20 later it soars up 1 to 1.5 points. Daily triggers MUST BE FOLLOWED up meticulously with intraday support/resistance on 5 minute charts. (In some cases when you are already in the play 3 minute charts) Gaps up and Gaps Down tend to skew the triggers rendering them totally useless. That's why we follow up our newletter triggers (in some cases they are from the 5 or 15 minute chart to begin with and displayed in charts within charts)with many updates, intraday charts and the trading room.
(no calls or long contemplated in VSEA)
The first time we are short GTRC in 5 years.
GPRO
Thu Oct 30 15:42:24 2003:marketgems Msg:GPRO did move down after the prior report but it settled in and moved back up but only after 3 sessions
Thu Oct 30 15:43:01 2003:marketgems Msg: GPRO hit a new 52 week high.. so basically the bias is to the upside.. but that is not enough
Thu Oct 30 15:46:18 2003:marketgems Msg:if you pick up GPRO the November 27.50's, I think that would be best.
Daily triggers have no meaning if the stock tanks ABOVE THE TRIGGER SHORT (or pulls back AT THE long TRIGGER hitting a spike high just at the trigger!) and finally near the support level it triggers short and $0.20 later it soars up 1 to 1.5 points. Daily triggers MUST BE FOLLOWED up meticulously with intraday support/resistance on 5 minute charts. (In some cases when you are already in the play 3 minute charts) Gaps up and Gaps Down tend to skew the triggers rendering them totally useless. That's why we follow up our newletter triggers (in some cases they are from the 5 or 15 minute chart to begin with and displayed in charts within charts)with many updates, intraday charts and the trading room.
(no calls or long contemplated in VSEA)
The first time we are short GTRC in 5 years.
GPRO
Thu Oct 30 15:42:24 2003:marketgems Msg:GPRO did move down after the prior report but it settled in and moved back up but only after 3 sessions
Thu Oct 30 15:43:01 2003:marketgems Msg: GPRO hit a new 52 week high.. so basically the bias is to the upside.. but that is not enough
Thu Oct 30 15:46:18 2003:marketgems Msg:if you pick up GPRO the November 27.50's, I think that would be best.
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