Allan B Tidbits

Trading stocks is not easy. If it were, then everyone would be doing it. Since I am not able to monitor the market fulltime, my trading style is in a state of flux depending upon the current market conditions. For the past few months, my positions are very short term...3 days max...with very tight stops. I try to make entries/exits at certain moving averages and trendlines. My cardinal rule I try to follow (most of the time) is: Trading what you WANT the market to do, instead of what it IS doing is always dangerous. This blog is here to stimulate thought. Enter positions at your own risk.

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  • WATCH 9/2/08

    RIMM - may bounce to 126, closing gap...could then go back down (gap and crap). will be volatile. AXP - may breakout TOL - preparing to test '08 highs ABK - my best long term play MBI in same sector COIN - ready to run
    Posted Sep 02 2008, 08:36 AM by da2rth with | with no comments
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  • RIMM 81908

    Sitting at 50% fib line and 50sma for a natural area to bounce from. Negativity in market is influencing any move up. Market is becoming oversold. Expect a relief rally which will let this puppy run. Targets 129.50...131.50. Firm stop @ 4.6.
    Posted Aug 19 2008, 06:53 AM by da2rth with | with no comments
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  • RIMM

    RIMM...sept 130 calls...RULIV....5.1 Price @ 125.50 playing for this to bounce. once clears, 126.80, should fly.
    Posted Aug 17 2008, 11:04 PM by da2rth with | with no comments
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