Well, only you can be the judge of ONLY trading equities. To me, it seems as if you have the capability to leverage into futures and gain consistently in certain conditions. Equities limit your exposure in a way that can achieve outside market results but futures give the capability of greater leverage/liquidity/and immediate gratification. All of this you know already...Personally, if i could trade futures consistently i would do so along with trading equities and options. That's a nice trade. If you can say, what type of volume indicator did you set? I trade mostly equities but i have been tracking the front months of /QM (light,sweet mini) and plan to add/trade one contract for two weeks every month as a means to supplement my equity trading. I'll let you know if i can get any consistent results.
To be honest I got the stock from IBD's chat forum. I often find many great oppertunities just by following forums. Of course I do my own Due Dil but for the basic selection forums can be a great source. Just to show you how technically weak I am, I couldn't even figure out how to use a simple stock scanner. I know that's sad but it's true I guess you could say I'm definetely an OLD SCHOOL trader when it comes to a lot of things especially programming and the like.
LOL ... You are kidding around now. I know it's near the end of the week and profits are bursting at the seams but have mercy on me--IBD (lol). Must be nice... Yes, forums can be very helpful at times for various reasons...there are some decent human beings out there, if you can believe it. What about that volume indicator? lol I'll understand if you can't comment... be good while i'm away at lunch (and no i do not carry positions while i'm away--who do you think i am--new school?) seriously, thanks for sharing with us...true mench
I'm glad you think I'm joking but I really did get a heads up on this stock from a poster on IBD's forums. Of course it's my analysis but the fact is his post tipped me off to look at it yesterday! http://charts.dacharts.com/2005-07-14/Samfox75.png I am going to start to use some scans starting next week, as I said I find stocks far more easy and profitable and I have no ego about the indexes, so unless I see GOLD staring me in the face on the indexs, starting next week I'm a stock monkey.
LOL I'm glad you have such a high regard for equity traders...i don't. The ONLY thing that separates me and my trading from a monkey is that i do not groom myself in public nor do i throw feces for attention.
Choad Man that's a tough trade my friend You might see 37.50 before 45. I sincerely hope it works out for you, please keep us posted.
Got bought yesterday. News Corp buys Intermix for $580m By Aline van Duyn in New York Monday, July 18, 2005 Posted: 05:20 PM EDT (22:20 London) Rupert Murdoch on Monday made a $580m cash purchase of Intermix Media (AMEX:MIX), his first significant internet acquisition since he made the sector a priority for his News Corp media group earlier this year. The California-based company owns the MySpace.com portal, the fifth most viewed web domain in the US, as well as about 30 other websites. In its most recent quarterly results in June, Intermix Media reported revenues of $24.1m and a net loss of $409,000. Mr Murdoch, chairman and chief executive of News Corp, has had his eye on MySpace.com for some time, although discussions only started last week. MySpace.com users tend to spend a lot of time on the site, which offers chat rooms, blogs, music sharing and other "social networking" features. Mr Murdoch believes this "stickiness" will extend to his Fox news, sports and entertainment offerings, allowing the combined group to attract a bigger share of the internet advertising market.