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Re: dealerschool2006 post# 173

Sunday, 05/20/2007 3:33:58 PM

Sunday, May 20, 2007 3:33:58 PM

Post# of 605
market timing and a bit of guesswork will tell me when to get in. If it keeps going up after the gapper, then I will try and research to find out how many shares have traded since the Friday up-tick and if they are in strong hands (I'm always skeptical that the weak hands would dump on me). If low volume and not in strong hands with a continuous up-tick on Monday, then I will wait for it the next day because there will be some weak hand that will sell if they don't see a PR on Tuesday morning. I will then have my buy at the new support level. Now, We all know that there will be a PR, but most traders do not like holding a stock for more than a week. So they will also cash out before next Friday if they don't see a PR by next Friday morning. That would be the best time if you can afford to wait for five more days (Knowing that a PR will come for sure). But hey, this company is a good one IMO even without the $118Mil, so most of this traders can afford to hold longer.


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