$2 dollar ticket on...
Monday, September 25, 2006 at 04:50PM We didn't get too excited with todays end of the Q buying. Most of the DJIM stocks have had their buying and are way off the highs they enjoyed with us. We are not chasing any at these levels as pointed out this weekend (those highlighted). We want to see them trading near the highs again or have a strong reversal. We prefer to look at the new names we included last week ...NGPS(nch), CSH.... TRT got a little out of hand at the open, but provided some nice entry points when it pullbacked today.
This took a little work but I got Jon to share in a $2 dollar ticket;)......ACOR and $10 ...sometimes you just gotta have some fun and let some ride.
CPY (nch)new closing high.
Demi/ YourPersonalTrader
We do say we go where the volume and momo appear, so it's no surprise we got dragged into ACOR yesterday. This a purely a story stock now, sort of reminds us of the the enthusiasm for NTMD when it came on the scene. Noticed this morning it was well over $9 AH after closing at $8.50. We may get our $10 target sooner than we thought, maybe more as there are 3 targets we've seen ($12,14,14) in the last 24 hours. This is a special situation stock with lots of volatility in store short term . There is some room to move if you can trade it carefully. What started as a $2 ticket..grew a bit by the end of the day for us. Still this is not to be confused with anything like TRT.
