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Re: BoomTime post# 24

Tuesday, 06/07/2005 8:57:43 PM

Tuesday, June 07, 2005 8:57:43 PM

Post# of 47295
Boom
Yes you have to register, for free level II @ scottrader, but it's free.

Here's the chart I said I would post. As you can see, the swings this stock had over the last year fit my requirements for a 25% swing trade, but doesn't meets a swing between high & lows of 2 weeks to a month. It does meet your decline bottom requirement.

So, put this all together; I would not watch it, because it takes to long to get money out. But you may watch it, because it may meet your requirements.

Hope this gives you some ideas on picking stocks for your watch list! You could play this stock and expect at least a 25% profit target, with a 12.5% loss target, very easily, but it may take a while to WIN!

PS: you also will notice, you can make money playing a stock that is on an overall long down trend channel and win several times as it goes down!




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