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| Alias Born | 07/22/2003 |
Thursday, June 17, 2004 12:48:41 PM
CUX and Capstone may my break by bones.. but spikes can always kill you..
CUX - I am late yes. The first move at around $3 was better than $3.40.
I bet on catching a down spike though first. May never happen though.. yes? no? May continue down? I was buying CPST when flat then down - but as we saw it continued to around $1.45. A better buy was a bounce off that and then losing perhaps 20-30 cents - but confident it was sound. Then it hit $3.52 and fell back from there.
CPST - Nice move up - resistance still for me is around $2.18. But I would like it to cross the 200DMA to confirm the uptrend - which is at $2.23 today (your resistance too). Personally I am 100% happy with dumping - I should have dumped earlier; but I can always improve.
VTIV - Again.. define a down spike? They are small - but happen during the day. The daily moves are so strong - will the next big down day, I buy, be the day it continues down?
Definitely feel like Tuko - "If you are going to shoot.. SHOOT! Don't talk."
Two angles one can go with ...
A) Buy on a dip - more inclined to do that I suppose if I have the time to watch it and/or already hold a core position, know about the stock and am confident it is a blip.
If MSFT dipped to $22 I would buy. Even it if it goes down to $15 I know they have a "few billion" in CASH and won't go bankrupt.
B) Buy going up - the direction is right - not buying on weakness.
Place and time for both. I WANT CPST to hit $2.23 before I buy. I want CUX to show signs of life before I buy (I was late, my gamble).
CUX - I am late yes. The first move at around $3 was better than $3.40.
I bet on catching a down spike though first. May never happen though.. yes? no? May continue down? I was buying CPST when flat then down - but as we saw it continued to around $1.45. A better buy was a bounce off that and then losing perhaps 20-30 cents - but confident it was sound. Then it hit $3.52 and fell back from there.
CPST - Nice move up - resistance still for me is around $2.18. But I would like it to cross the 200DMA to confirm the uptrend - which is at $2.23 today (your resistance too). Personally I am 100% happy with dumping - I should have dumped earlier; but I can always improve.
VTIV - Again.. define a down spike? They are small - but happen during the day. The daily moves are so strong - will the next big down day, I buy, be the day it continues down?
Definitely feel like Tuko - "If you are going to shoot.. SHOOT! Don't talk."
Two angles one can go with ...
A) Buy on a dip - more inclined to do that I suppose if I have the time to watch it and/or already hold a core position, know about the stock and am confident it is a blip.
If MSFT dipped to $22 I would buy. Even it if it goes down to $15 I know they have a "few billion" in CASH and won't go bankrupt.
B) Buy going up - the direction is right - not buying on weakness.
Place and time for both. I WANT CPST to hit $2.23 before I buy. I want CUX to show signs of life before I buy (I was late, my gamble).
"When you have to shoot, shoot. Don't talk."
Tuco (The Good, the Bad and the Ugly)
"An umbrella with holes is better than no umbrella at all."
Dr. Alexander Elder on using stops.
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