GREY:SGGDF - Post by User
Post by
stockmoveson Oct 08, 2007 2:25pm
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Post# 13537985
Drilling News......
Drilling News......i confirmed on Friday we have Tuesday news for anyone that missed it, it may come out in the afternoon, so not sure if it will be before markets close.. so any pulls buy, and breakouts add... am i chnaging my style, probobally not. if markets rally hard yes ill tend to hold larger postions for stronger upward legs.. SGX has just started . the real uephoria hasnt started until sellers turn into buyers and chasing actually happens. how many times have u see a stock these past few years go ballistic once it gets thru resistance and moves upwards of 200% in a day when the MM so to speak gets control of the stock and decides to run it.. right now we are base building with a solid footing i would say at 205. 23 present res.. once we break thru 24 we test 28/31... normally we would then base pull base and retest the top before breaking new ground. that all changes if there is more to the story than meets the eye and someone knows somethg the mkt doesnt thus the stock just goes and the story gets told later... so some surprise drill results or 2happy of faces tripping over nuggets can generate these massive breakouts.. what i see now is a lot of accumulation as speculation mounts.... i see at minimum a test of 28in the next week or so assuming we hold 195as max pull and preferrably 205.. assuming we hit that double top this week we may pull/pause up to sdays before we form a very bullish new leg of 38/44ish. Now if we get surprise news or KXL goes goofy this week that changes exverything and we could see 56 in a matter of days if sellers convert to buyers once we break thru 30. The volume we have had is enough to ignite it.. if we get 38ish in the next 2weeks dont sell yourself short because stocks that go 38 go 56/8 and if u arent expert at trading best to just hold or be sure u have a long position and a trade position.. Thats how i trade these stocks i luv the story on is i hold a long position and trade position.. i have made the mistake far too many times of not having a long position on stocks i absolutely could feel a huge breakout coming on and sell myself short just as some MM jacks u around and flushes u out... so like all stocks i adjust my strategy according to the bullishness i see,,, for now im SUPER bullish on SGX....
good luk to us...
SM.