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YourPersonalTrader- Toronto Canada/ London UK
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Thursday
Sep072006

Reminder

GROW is having a CC tomorrow and this can definitely either encourage or disappoint the traders.    In either case, we've mentioned before that we do not like to hold through or even play this kind of events.    To top it off, what can affect GROW can also affect IAAC, so both plays are on hold untill after tomorrow morning.

BTJ, it was hammered yesterday and evidently triggered alot of stops.    The best case scenario is for it to consolidate in this range for a while before making any move.    Keep a close eye on the 9 ema and if it wanders too far below it this may become a "buy and hold" which is not exactly what we like to see.    In fact, we'd want to avoid that scenario.

 

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