Today's long buys

This is a discussion on Today's long buys within the Stocks forums, part of the Markets category; Here are purchases made today: AGIX = I liked the base this stock created under $25 just after the long ...

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Old Dec 3, 2004, 7:07pm   #1
 
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Today's long buys

Here are purchases made today:

AGIX = I liked the base this stock created under $25 just after the long pullback from around $36. Again, I normally do NOT buy longs under the 50dma, but this one was one that I liked (similar to my recent ODSY buy). After it broke $25 I bot (pink dot). This stock should see $29+ next week hanging up just below the 20 and 50dma. If volume is weak up there I will exit. However if it's solid I'll play a tight stop in hopes for a breakout over $30.

DNR = Stock pulled back near its 20dma and bounced off of a support level at $27. I entered at pink dot in hopes to see $29 soon. If price breaks $29 I'll continue my position. If I get a reversal candle I am out.

KMI = Another stock bouncing off the 20mda. Volume doesn't excite me. However the higher high the stock price made today along with the previous 4-day pullback did excite me enough to enter. Hoping for $41 and will continue my position if it breaks $41 with tight stop.

LH = I like the long base with the ascending triangle it created just under $48. I had a trap (stop) set and bot when it broke $48.26. Needing volume to confirm this breakout candidate.

I would like to see other people's trades. Please post some recent trades--good and bad.

d- *I need a life*
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Old Dec 3, 2004, 7:22pm   #2
 
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This was fun

des44 started this thread This was a fun 4-day trade.

TZOO = This stock can run on you like an un-caged wild animal. It's IBD's #1 pick in it's top 100 list. However I bot this stock simply due to its consolidation around $80. I knew if it broke $85 it would probably see big gains so I set my bull trap (stop) just above $85. As hoped for, it took off to the moon that same day. The second day it gave me a head-fake with large (bearish) volume and an inverted hammer (reversal candle). Nonetheless, I stood my ground with a tight stop to benefit significantly from a fantastic day yesterday.

When I saw the price stall today around $96 (just below the solid $100 resistance level) I took my $11 profit.

If this stock pulls back to around $90 and gives me a chance to re-enter by showing me a nice small reversal candle such as a doji I'll probably do so on a higher high the next day. If this stock breaks the $100 area I might be tempted to play also

d-
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Last edited by des44; Dec 4, 2004 at 3:59pm.
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Old Dec 3, 2004, 9:55pm   #3
Joined Aug 2004
These posts of your are always very interesting, Des. Many thanks for sharing them.
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Old Dec 3, 2004, 11:03pm   #4
 
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Originally Posted by Roberto
These posts of your are always very interesting, Des. Many thanks for sharing them.
Thanks for saying so. have you got some charts to show? I wish more people showed their trades. My guess is that others want to shoot them down thus deterring submissions.

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