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Hello Jim,
A couple of things. If your hard drive has a big enough partition it and
put your important programs and data away from the root drive. It makes
is easier to get going again in case you have to reformat again. I think
your strategy to average is a good one. But I think a bit risky with
IOM. The reason I say risky is that IOM has moved production off shore
not too long ago to get cheap production costs. Now that they have
missed earnings how are they going to improve profitability.
I would not double down but take up half now and if it moves up then
take another position later on.
Just an idea.
Harley
P.S. I hung on to TDW for a nice gain today. I'll talk about it later.
Jim Greening wrote:
> All,
> Sorry about the late pick this week. I finished my weekly
> tests and
> looked at all my stock data late friday night. When I went to
> start my
> computer Saturday morning, I couldn't get Windows 95 to boot. I
> could get
> up in safe mode, but never could make it boot normally. I took
> it to the
> shop and just got it back. Had to reformat drive C and reinstall
> Windows.
> I'm just now getting back up. At least I had all my data backed
> up except
> for my Metastock formulas, explorations and tests. Would someone
> please be
> kind enough to send me a copy of my import files? I'd appreciate
> it. Next
> time I'll have them in my backup data <G>.
> Last week was a bad one for my portfolio. IOM tanked after
> the close
> Thursday when they missed the earnings estimate by $0.02, so I
> didn't have a
> chance to get out of that one. BSC was below my stop after I
> raised it
> Friday, so I sold it this morning. A couple of others are close
> to my
> stops. I actually had to use the telephone for my trading <G>.
> Oddly enough, my pick for this week is IOM. I did something
> I don't
> normally do and doubled up my position this morning. The reason
> is when It
> broke out of its intermediate term up trend channel it fell all
> the way to
> the bottom of a long term up trend channel which would be my next
> entry
> point on a normal drop. Then looking at the earnings I couldn't
> help but
> think that the drop was over kill. So I doubled up and set my
> stop at 7
> 3/4, under the lbottom of the long term up trend channel. I'll
> send a more
> complete write up and chart later in the week when I get back up
> to speed.
>
> Jim
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