Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

AMGN - I May Not Have All My Bait In The Water... Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
kingcambo
Posted : Thursday, April 5, 2007 8:30:44 AM

Registered User
Joined: 3/12/2005
Posts: 32
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
tobydad
Posted : Thursday, April 5, 2007 8:38:25 AM

Registered User
Joined: 10/7/2004
Posts: 2,181
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)

scottnlena
Posted : Thursday, April 5, 2007 12:16:37 PM

Registered User
Joined: 4/18/2005
Posts: 4,090
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!
Apsll
Posted : Thursday, April 5, 2007 2:11:06 PM

Registered User
Joined: 3/21/2006
Posts: 4,308
This is not a falling knife, three good examples of a falling knife are -

LRT
CLDN
IRIX
kingcambo
Posted : Thursday, April 5, 2007 2:48:18 PM

Registered User
Joined: 3/12/2005
Posts: 32

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
kingcambo
Posted : Friday, April 13, 2007 11:10:54 AM

Registered User
Joined: 3/12/2005
Posts: 32
Today is PAY DAY - on AMGN. A decent swing trade.

KingCAMBO
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.