seems as if the wealth-lab site is having trouble updating its database... still posting data for scans dated 12 May 06... Oh well... a quiet days' trading.... good luck to all...
It appears you may have jumped the gun slightly on FTEK. As you can see with the attached (daily) chart, FTEK tried and failed to break through (blue arrow) the intermediate term down channel (thin red lines). In addition, we see that the Stochastic (5,2,3) Indicator has yet to breach the 25 level. However, we do have some good news. Price has held, and bounced higher from, the lower short term uptrend (thin blue) line. While the possibility for a reversal does exist, it may not occur today. Of course, your mileage may vary. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1073367>
Thanks for the advice, I'll be sure to do that next time. I closed TWGP today at 29.97 for a gain of 7.1%.
My 2nd derivitive trades today were mainly an excercise in small gains and small losses: Closed trades: FTEK +3.0% ECIL -0.5% CTRN -0.9% FMD +0.4% NTG +0.6% PFWD +0.5% ATHR -0.4% GPN +1.1% Still Open KFRC even TWGP +2.0% NCTY +1.1% The FTEK trade is attached as we had a few comments on it. Doug
I didn't receive a fill on all the shares I wanted, but things continue to look good for a several day hold on BTUI. I plan to add on shares tomorrow if price continues trending higher. I hope everyone continues to see improvement in their profits. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1073792>