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dutchdanish

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Post Number: 21
Registered: 10-2005

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Votes: 0


Wednesday, March 07, 2007 - 01:19 pm:

Recently broke out of long-term trading channell at 6.00 on convincing volume (see 6 year weekly). The new support at 6.00 held up last week and is now testing 6.27. 10 Day VMA is greater than 90 Day VMA. Bollinger band pinch. Good volume tomorrow and we're off. Peace and Success,

Dutch

"...yet with how many things are we upon the brink of becoming acquainted, if cowardice or carelessness did not restrain our inquiries."
--M. Shelley

http://www.dutchdanish.com

ohkoolnutz

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Post Number: 549
Registered: 10-2005

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Votes: 0


Wednesday, April 11, 2007 - 10:39 am:

How do you assess SUNW now?

---
ohk

Lies, Damn Lies and Technical Analysis

dutchdanish

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Post Number: 24
Registered: 10-2005

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Wednesday, April 11, 2007 - 12:03 pm:

Difficult to say. In the short-term another testing of 5.80 and maybe 5.55 is likely. Not much volume lately so I figure it will channel sideways for a bit. News on April 24th will be crucial.

"...yet with how many things are we upon the brink of becoming acquainted, if cowardice or carelessness did not restrain our inquiries."
--M. Shelley

http://www.dutchdanish.com

ohkoolnutz

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Post Number: 550
Registered: 10-2005

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Votes: 0


Wednesday, April 11, 2007 - 01:00 pm:

I am not sure but I thought you had mentioned in another thread of your certainty about SUNW and how you pretty much put it all on this one bet. I do wonder how it pans out.

---
ohk

Lies, Damn Lies and Technical Analysis

dutchdanish

Member

Post Number: 25
Registered: 10-2005

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Votes: 0


Wednesday, April 11, 2007 - 01:46 pm:

Ah, yes. I am still in it, unfortunately... I'm beginning to get impatient. Take a look at MEMY. Would take some guts to get in that one at open tomorrow. Heads up,

Dutch

"...yet with how many things are we upon the brink of becoming acquainted, if cowardice or carelessness did not restrain our inquiries."
--M. Shelley

http://www.dutchdanish.com

ohkoolnutz

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Post Number: 551
Registered: 10-2005

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Votes: 0


Wednesday, April 11, 2007 - 02:30 pm:

The problem with trading is conviction. I thought your SUNW strategy was a 12-month horizon and you are just a month into that. It's tough sitting on your stock(s) linger while you watch the rest rocket. The selection and committal is key to success.

---
ohk

Lies, Damn Lies and Technical Analysis

dutchdanish

Member

Post Number: 26
Registered: 10-2005

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Votes: 0


Thursday, April 12, 2007 - 06:30 am:

Indeed, it is taking a little discipline to HOLD. But I must stick with my plan. Wish me luck. :-)

Cheers,

Dutch

"...yet with how many things are we upon the brink of becoming acquainted, if cowardice or carelessness did not restrain our inquiries."
--M. Shelley

http://www.dutchdanish.com

ohkoolnutz

Member

Post Number: 553
Registered: 10-2005

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Votes: 0


Thursday, April 19, 2007 - 10:15 pm:

I just got a long signal on SUNW.

---
ohk

Lies, Damn Lies and Technical Analysis

dutchdanish

Member

Post Number: 27
Registered: 10-2005

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Votes: 0


Thursday, April 26, 2007 - 02:43 am:

Bad earnings release, I was stopped out today at 5.49. 10% loss. On to the next candidate...

"...yet with how many things are we upon the brink of becoming acquainted, if cowardice or carelessness did not restrain our inquiries."
--M. Shelley

http://www.dutchdanish.com

ohkoolnutz

Member

Post Number: 556
Registered: 10-2005

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Votes: 0


Thursday, April 26, 2007 - 08:53 am:

I looked at SUNW yesterday and I wasn't so sure anymore. I just had a bad feeling. I saw the nice triangle and the quick dip above it and thought: One should probably tighten the stop loss to right under $5.85.

I don't believe in price prediction anyhow. Every trade is a game in a series for the championship.

This case simply shows the risk one runs if you put it all into a single position.