AI
Thursday, May 06, 2010 12:05:24 PM
ITMN. Mickey, without knowing much about the company I relied on TA to make a quick decision.
If you look at one-year chart, prior to this big drop the SP went down to the 10.50 level twice. Both times the SP came back with the higher level “supports” (11.58 and 13.50).
Yesterday I saw the SP dropped below 10 but I waited until it came back to confirm that it would have a support level at 10.50. That was where I bought in.
After listening to the CC, I decided to add a bit more at 11.05 in AH yesterday.
I have to remind you that this is a risky trade. Although I don’t see much down side, however I still bet small.
If you look at one-year chart, prior to this big drop the SP went down to the 10.50 level twice. Both times the SP came back with the higher level “supports” (11.58 and 13.50).
Yesterday I saw the SP dropped below 10 but I waited until it came back to confirm that it would have a support level at 10.50. That was where I bought in.
After listening to the CC, I decided to add a bit more at 11.05 in AH yesterday.
I have to remind you that this is a risky trade. Although I don’t see much down side, however I still bet small.
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