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Registered User
Joined: 3/12/2005
Posts: 32
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But AMGN looks like a great bottom fishing opportunity to me. MoneyStream and TSV bottomed and "trying" to turn. Gap fill needed near $58-$60. Square of 9 potential for $62.39 and no more resistance after that til $64.00 and the 50 SMA.
After 12 weeks of selling they might be willing to step off the ask for a bit now. Are we allowed to share short videos that explain our points here?
New to discussion board.
KingCAMBO
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Please note AMGN had a very similar look on 3/21/07. I think somewhere around 52.50 might end up being the bottom.
Just be careful out there. I think these markets may be just sucking in some last dollars before the next big dive.
And don't get me wrong, I'm a charter member of the bottom fishers club. (Emphasis on "chart"er)
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Nice going kingcambo ! I think this is a falling knife. Check APSLL's threads on the matter. I wish I had seen this last night! up $1.88 as I type this... I missed it!
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Registered User
Joined: 3/21/2006
Posts: 4,308
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This is not a falling knife, three good examples of a falling knife are -
LRT
CLDN
IRIX
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Registered User
Joined: 3/12/2005
Posts: 32
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Right now I am targeting this gap fill from 3/21. So another buck to go for now. If that gap does not reject us here I am thinking $62.39 not too much to ask for soon. We are off to a good start.
KingCAMBO
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Registered User
Joined: 3/12/2005
Posts: 32
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Today is PAY DAY - on AMGN. A decent swing trade.
KingCAMBO
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