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Re: kkpm post# 26

Thursday, 09/19/2013 10:29:24 PM

Thursday, September 19, 2013 10:29:24 PM

Post# of 71
I'm not sure. I play a bit different than the norm. I try not to fixate on a price, more percentages. Most big board tickers find a resistance a 20%.

Today, FREE topped out around %25 and closed 22%, but not before a dip when it hit .50. I knew it would fall at .50 because that's a psychological barrier. I actually sold 1/2 at .48 to be safe, although I feel it had plenty of room. I re bought at .43 and added up to .46 as I noticed the strength.

The BDI is rolling right now. That's pretty much all that matters. Dr Key mentioned that he thinks this can climb into Monday and I agree.

As far as a .57 sell, profit is profit. I see no real resistance at .57 though and assume this will close over .60 tomorrow, another 20% + day.

If it were me playing your way, I add while it's climbing, and once it got to my target price I'd sell 1/2, then make a decision on if I thought it was still strong, adding a .02 trail-stop.

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