|
PureBytes Links
Trading Reference Links
|
All,
I opened a position in both C and CSCO this morning. WCOM did not
trigger my buy stop and closed slightly below the trend channel so I
cancelled that buy stop.
I've been watching the internet stocks for a while to see when they
were going to break out of their down trend. Several of the internet stocks
did break out today. I'm going to place buy stops on two of my favorites
America On Line (AOL) and Amazon.com (AMZN). They both broke out of Short
Term Down Trend Channels today and I want to jump on if they continue up.
My buy stop on AOL is 130 and on AMZN is 150. If I get them my target on
AOL is 167 and my stop is 114 3/4. My target on AMZN is 220 and my stop is
130 3/4.
JimG
|