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Jim, I've read your posts, and your one of the best contributors to this
group. I trade stocks too, but don't use the channel method you obviously go
by. I have one question, since I've watched some of your trades, and noted a
recent comment about IOM - which I am still long. Your quick in and out, I
might think, could possibly prevent you from getting some real good moves.
I've done this myself. I hit WLA at 99, in a great call, but sold 1/2 of my
position at 106 and the other at 118 - immediately before it took off to 140.
I was afraid of losing the profit, and took any candlestick pattern that
looked at all suspicious, as my exit card. I mean it's great to catch every
signle little move in a stock. But, you've got to be almost clairvoyant to
do so. I raise the point since IOM still looks good and I'm trying to hang
in there for the larger move. Also, take a look at CHPS - I've been waiting
for this baby to base and break out for a few months, and almost sold it 10
different times due to impatience. It has broken out, and formed a good H&S
bottom. It's had the living crap beaten out of it for 5 to 8 months, so,
maybe a good move is starting.
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