As Web's World Turns

[New-born baby]

Pdc

Here's a look at today's action:

She gapped down! Well, that ought to tell you something. Most things when they fall are due to weakness, not strength. But let's be realistic: PDC is an oil exploration company. It is not going to fall down completely. Still, the chart is quite ugly with many gaps. She looks to be forming a bear flag signalling another drop down below $12. Remember: that 50 day support busted like a cracker today. It will be resistance now. You might do best to take profits and stand back.

Best to ya, Webs!

[spikefader]

After playing with the channel thingy on Stock charts.com, that Spike showed me, I have found the bottom of the channel for PDC to be at $14.60. I will place a limit order for that amount.

Heck, this technical crap is starting to get easy...

Which low did you use to draw the channel? Post a chart if you can wrap yer Vulcan head around it.

Nice patient limit order entry that one. And you got rewarded today. Price down at solid vol by price on the daily. I see the major daily channel a little lower, but here's an angle for ya. If money flow hits 70 tomorrow you'll be sitting pretty.

[Websman]

Diarrhea may be easy, but nothing in the market is easy.

I beg to differ Newborn, but this is the easiest money I've ever made.

[New-born baby]

Lots of it

I beg to differ Newborn, but this is the easiest money I've ever made.

And I hope you make lots (of money)!

[Websman]

Which low did you use to draw the channel? Post a chart if you can wrap yer Vulcan head around it.

My Vulcan head hasn't taken the time to figure out how to post charts yet. About the time I think I'll learn, I have to help do homework or study for a test. I feel like I'm back in 8th grade again. I guess that's what being a parent is all about. lol

[Websman]

And I hope you make lots (of money)!

No doubt about it. I will.

I hope you make it with me.

[New-born baby]

:d

No doubt about it. I will.

I hope you make it with me.

Thank you Webs. I hope I do, too.

[spikefader]

It's actually a valid time for bears to be taking profits! It's goin' to the moooooooon! haha

[Websman]

Spike, that's basically the same channels I came up with by using the tools on Stockcharts.com.

I'll learn how to post em this weekend.

[B.J]

Nice job Webs! Maybe I'll get in as well.

[RL]

Webs I'm In with you been In for 2 months now. I'm ready to back up the truck

[Websman]

Nice job Webs! Maybe I'll get in as well.

Maybe it'll make up for PWAV.

[Websman]

Webs I'm In with you been In for 2 months now. I'm ready to back up the truck

Maybe we'll need a U-Haul.

[Websman]

Update on my present positions... 8/18/05

1. ELN - Bought at $6.88. Closing price today was $8.18

2. EZEN.OB - Bought at $1.95. Closing price today was $2.20

3. PDC - Bought at $14.25. Closing price today was $14.58

I'm keeping an order in for ACW, but it probably won't meet my price.

I sold VPHM and ACW way too early. I need to aquire psychic skills, so I can look into the future and see where these dang stocks are headed. Is that possible? I wonder how Nostradamous would have done in the market? Or Edgar Cayce? Hmm...I'll have to research it.

[New-born baby]

Eln

Update on my present positions... 8/18/05

1. ELN - Bought at $6.88. Closing price today was $8.18

2. EZEN.OB - Bought at $1.95. Closing price today was $2.20

3. PDC - Bought at $14.25. Closing price today was $14.58

I'm keeping an order in for ACW, but it probably won't meet my price.

I sold VPHM and ACW way too early. I need to aquire psychic skills, so I can look into the future and see where these dang stocks are headed. Is that possible? I wonder how Nostradamous would have done in the market? Or Edgar Cayce? Hmm...I'll have to research it.

That support for ELN at $8 is pretty solid, Webs. Incredibly solid. I like your entry.