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Registered User
Joined: 9/2/2009
Posts: 85
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Hello traders,
I have been watching this stock like a hawk, ever since its' powerful three-day-move about a month ago in mid-Dec 2011. Then, it bolted over seven fold from around $1 to a high of $7.37, a few days later. It has come down to currently $2.86, on fairly light volume over the past 3-4 weeks. Today it did an " inside day" on even lighter volume. I think it has fair support around $2.60 here, and has a clear shot to around the $4.15 mark or so rather quickly. I am not saying this is a day trade, but I think you have a good shot at bagging 40% or so very soon with Live. Downside risk seems minimal to me. Please watch it or tell me what you think...
Thanks,
StarWoodIp
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Registered User
Joined: 9/2/2009
Posts: 85
|
QUOTE (starwoodip) Hello traders,
I have been watching this stock like a hawk, ever since its' powerful three-day-move about a month ago in mid-Dec 2011. Then, it bolted over seven fold from around $1 to a high of $7.37, a few days later. It has come down to currently $2.86, on fairly light volume over the past 3-4 weeks. Today it did an " inside day" on even lighter volume. I think it has fair support around $2.60 here, and has a clear shot to around the $4.15 mark or so rather quickly. I am not saying this is a day trade, but I think you have a good shot at bagging 40% or so very soon with Live. Downside risk seems minimal to me. Please watch it or tell me what you think...
Thanks,
StarWoodIp
Hey everyone,
So maybe I was somewhat wrong, please forgive me. This was a day trade after all! No news to speak of but it had a low of $2.75 in early trading , and then soared to a high of $3.93. I bagged 37%, not bad , the high to the low percentage change(gain), 42.9% (2.75 to $3.93.) Oh, and by the way BILL BAKER, and your criticism of technical analysis and myself and a cople others in this forum, I will keep studying, thank you very much. And , for your information, it is getting me somewhere, not nowhere how you think!!!
I also love the current charts of Mela, Nvgnd, and Pran. All three popped up around 20% from my buy areas lately, have settled back some, but are all consolidating here some for the next , big legs up.
Thanks,
StarWoodIp
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Registered User
Joined: 9/2/2009
Posts: 85
|
[QUOTE=starwoodip] Hello traders,
I have been watching this stock like a hawk, ever since its' powerful three-day-move about a month ago in mid-Dec 2011. Then, it bolted over seven fold from around $1 to a high of $7.37, a few days later. It has come down to currently $2.86, on fairly light volume over the past 3-4 weeks. Today it did an " inside day" on even lighter volume. I think it has fair support around $2.60 here, and has a clear shot to around the $4.15 mark or so rather quickly. I am not saying this is a day trade, but I think you have a good shot at bagging 40% or so very soon with Live. Downside risk seems minimal to me. Please watch it or tell me what you think...
Thanks,
StarWoodIp[/QUOTE
Hmmm...
Coincidence? Live closed right at $4.15 today, but was as high as $5.29 in the session!
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Registered User
Joined: 9/2/2009
Posts: 85
|
QUOTE (starwoodip) [QUOTE=starwoodip] Hello traders,
I have been watching this stock like a hawk, ever since its' powerful three-day-move about a month ago in mid-Dec 2011. Then, it bolted over seven fold from around $1 to a high of $7.37, a few days later. It has come down to currently $2.86, on fairly light volume over the past 3-4 weeks. Today it did an " inside day" on even lighter volume. I think it has fair support around $2.60 here, and has a clear shot to around the $4.15 mark or so rather quickly. I am not saying this is a day trade, but I think you have a good shot at bagging 40% or so very soon with Live. Downside risk seems minimal to me. Please watch it or tell me what you think...
Thanks,
StarWoodIp[/QUOTE
Hello traders,
About three and a half weeks ago, I first introduced Live @ $2.86 to start moving quickly with little downside risk. Today it hit a high of $6.60 and has easily more than doubled.
Thanks,
StarWoodIp
Hmmm...
Coincidence? Live closed right at $4.15 today, but was as high as $5.29 in the session!
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