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Thank you..... well said. A really great idea.
Has anyone else determined that the stock BKS appears to be completing a
reverse head and shoulders pattern and is trading at the neckline that
should be a low risk trade?
10/01 went long 200s at 26.08. If a close is below 26.06 I will exit 1/2
the position. A close below 25.04 will close the remainder of the position.
A move up to 27.10 will add 100s to the position.
H&S profit target 32.08.
Real money was used. Real money will be made or lost.
Al Taglavore
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From: Steve Karnish <kernish@xxxxxxxxxxxx>
To: List <realtraders@xxxxxxxxxxxx>; metastock@xxxxxxxxxxxxx
Subject: In lieu of crash(trash) talk
Date: Wednesday, October 06, 1999 11:22 AM
List,
>From time to time, traders actually discuss "real" trades on this forum
(the current sugar debate). This is a really great "idea" that should be
explored on a daily basis. Think of it: a place where "realtraders" can
exchange "real trading" ideas. It's a concept that could catch on.
For those who monitor real trades in the grain market:
9/29: Went short: corn (214.75), oats (116.00), & wheat (286.50);
(December contracts)
10/6: Covered and went long oats (110.50)
10/7: A close below 203 in Dec. corn and 262.25 in Dec. wheat triggers
long positions tomorrow.
This has little to do with the crash of '29, Alan Green"spun", or all those
"politicos" conspiring to make my life miserable in the gold market. But,
guess what? Real people are in these real trades, making real money, not
letting the "news" influence their approach, and they are certainly not
sitting around theorizing about the rise and fall of US economy.
Steve Karnish
Cedar Creek Trading
http://www.stny.rr.com/abbracadabra/cybercast/
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