looking at GNK for a move

Discussion in 'Stocks' started by trader2000, Jan 15, 2009.

  1. looking to go long GNK to the 17.20 area. have to see what it starts doing near the open.
  2. beautiful reverse head and shoulder pattern on GNK. would not want it to fall below 15. honestly,would not want it to fall below yesterdays low of 15.31. look for resistance at yeaterdays high but 17.20 to 17.50 seems likely. a close above 17.50 means its a very good long to 20.
  3. GNK is a shipper, so you better be ready for a wild ride if you trade this stock!!!
  4. if you look at my post i said lets see what it does at the open and see if it holds yesterdays low; IT DID NOT. we move on unscathed. thats the beauty of discipline. that said,it was a great short on the break of yesterdays low and i did NOT take advantage of that.