----- Original Message -----
Sent: Saturday, May 20, 2006 10:27
PM
Subject: Re: [RT] post questions
You see, Here is what I mean.
I assume that this is Chessy Energy that you
are talking about.
I have price in a range between 34 and
25.50. It is in an up move until 25.50 is taken out and then
this retracement has a target price of 26. Right now it is at
support from a longer term move down at 28.75. You should get a
retracement here and the retracement shouldn't take out the 33
level. If 25.5 is taken out the next target to the downside is
22.
This current retracement up should meet
resistance at 30 dollars and hit a target of about 30.50. About a 1
point move from here. If long I would exit there.
So you would be 100% invested when I am exiting
100% and looking for a congestion area or further down retracement before
another up move would start.
We are both looking at the same chart and
seeing different things. Right now the major move is down and anything
to the upside is nothing to get excited about. The upside is tradable
and can be profitable. Like everything else in life, what is
seen is in the eyes of the beholder.
Once again, just one man's opinion.
Ira.
PS. Finals on Monday and then a
vacation. See all when I return. Have a good week.
----- Original Message -----
Sent: Saturday, May 20, 2006 8:35
PM
Subject: Re: [RT] post
questions
Hello Bob
I have attached a chart of the perfect stop
loss
the levels were I would buy would
be
at a close above 29.27 will buy
25% of position with stop loss at 27.98
will add 25% to the position on a close above
29.78
buy full 100% of position at
close above 30.68
sell 25% at profit at
31.10
sell another 25% at 31.89
sell rest at 32.36 or move
stop loss to 31.1 with increasing that stop loss
every time the stock makes a higher hi
Ben
----- Original Message -----
Sent: Saturday, May 20, 2006 10:32
PM
Subject: Re: [RT] post
questions
A kind and generous offer Ben.
It seems to
me that traders try harder every year to get ahead of historical swings
and this time, it's the summer doldrums they are trying to beat.
So, instead of waiting for the dreaded summer months, they are bailing
now to beat the rush. The good news is even these swings can be
predicted if one just looks at the past performance of the markets
versus chronological changes and geo political events, etc.
Whatever the trend is, the traders will be trying to get ahead of that
trend.
The fundamentals are still good. P E's are in
line and earnings are growing. Inflation is low and
controlled. Employment is strong
while on the negative side,
housing is falling off and some consumers are being pinched with
ARM's. I was 100% cash until late this week when I began buying
again and will continue to buy as it falls.
To get your
kicked off with your offer, here is one for you. I already own CHK
at $28.80 and will buy more if it dips below that. The CEO
recently bought a large block and they have sold 70% of this year's and
next year's production at $10 so as natural gas falls below $6 cash, it
means little to CHK in terms of earnings. What do you think about
it?
Best to all,
Bob
At 03:19 PM 5/20/2006 -0400,
you wrote:
hello
you are about to make a
trade?
before making
it
post it
get a second opinion
the answer will be posted with charts to explain reasons why
yes or no
Ben
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