Originally posted by dmk112
As Web's World Turns
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Originally posted by WebsmanThat was a heck of a sell off on FORD. Should bounce, but if it doesn't it could be headed back down below $10. I'd rather wait a day to see what happens.
You snooze you lose :P
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Originally posted by RunnerGood job Webs by dropping PDC. I covered on it today. I did not want to say I was short it while others on this board were long. Not a bad 2 day profit.
I sold GW, but am back in already.
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Well, we got that expected bounce today, which helped me out a lot.
ELN was back up by .27 and AOB was up by .35.
I'm still liking the looks of my gamble play on HISC.PK.
I sold GW, but re-entered with a few more shares. PDC would probably make a good long again, but I think I'll stick to just one drilling stock.
I'll be looking at HOM as a possible long for Monday, if futures are positive. ERS might be another play.
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Originally posted by WebsmanI just got through looking at the chart on HOM and it has formed a perfect ascending triangle. This baby should fly on Monday.
I like the stock but think that it is very much and likely due for some consolidation of recent gains. But as we all know they have a mind of their own and live to make idiots out of us mere mortals. Patience will get you a better and cheaper price on it's move upward.
THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Originally posted by WebsmanI like your logic Ski. I'll wait and see if your prediction comes true.
Thanks!THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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Originally posted by skiracerAnd ya know Webs that is all that it is. Nothing is written in stone or for sure but just another persons take on it. Good luck with it.
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The failure for traingles is very low IF you wait for the break out. The weekly is oversbought on all stocks in strong up trends, look at VPHM weekly and it has been and still is in overbought territory and if you looked at that you would of missed a homerun stock.
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Originally posted by RunnerWebs thanx for HOM nice D/T here!!
I would have joined you, if I could have been home to watch the action. The market was looking weak this morning and I didn't want to take the chance of it going the wrong way. There will be more opportunities to come.
The rest of my stocks did quite well though.
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