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Friday, 06/03/2005 4:13:18 PM

Friday, June 03, 2005 4:13:18 PM

Post# of 44374
Just got home and was suprised to see my "open till closed" buy order closed. Checked GTE board and saw a "few that a guy" posts.

Actually, I'm not happy with the buy order closing today. It was not in the correct place, in the chart pattern. IMO

Yesterday I posted a second bottom, on a short 10 day double botton chart, and this move, almost a down breakout, was not indicated. IMO a small lowering would have been ok, say to $3.30, would have been exceptable, but the 4th day drop as far as it did, worries me.

Lets hope this was just thanks to Jim Cramer! Before you guys "pat me on the back" again, lets see my swing up target reached. Now, I have 2 swing buys ready for $4.20, hopefully the move up from the double bottom, will occur next week. But from what I saw today, IMO it could become a down breakout as easy as an up breakout.

Matters not to me, I'm long, until GTE has more time to position it's stock on the American, every buy is mentally added to my long position, with a swing possibility. I don't buy with swing in mind any longer. But the point of the buy, offers me a swing trade oppertunity, if I need cash! All part of my GTE trading plan.

Remember your plan! I want to see a American exchange pattern which will alow forming a swing trading plan along with a long position. I like being able to make money, while waiting to make money. LOL

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