Spydertrader's Jack Hershey Equities Journal II

I actually like the way COGO looks on the daily. As long as the price stays above the right trendline, it should be good for entry tomorrow if it bounces.

 

Me too. Unfortunately, I don't like the look of the 30 minute chart for COGO. If we get an FTT down along the right trendline (pink arrow), I plan to re-enter there. If no signal develops, I'll look for another train to catch.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1214650>

 

Is anyone catching this spike on SMSI? I would be a buyer when it cracked 14.40 on high volume, but this is absurd.

 

i entered SMSI on the volume spike

entry price $14.579

 

Sort of the opposite of catching a falling knife, eh? More like one thrown at the ceiling.

 

yup, and here's hoping it was thrown with gusto!

i had been waiting for this one to come out of DU

it will have considerably more volume than yesterday @ this point

we'll see how it turns out in due course

 

Cool response in the face of typical negativity.
Nice "low risk" rocket trade.

Still lurking and learning.

JY

 

Been watching FTEK bust up for 10 minutes now. It has run up .25 from when I first thought "I should buy some, but it has gone up *so much*"

Spydertrader, do you jump onto stocks that take off so fast, or do you wait for pullbacks?

 

I am currntly in FTEK. I got in pretty late @ 15.00. Anybody else bite?

 

Yep, I'm in at $14.78.

Lets go to the moon!