GREY:SGGDF - Post by User
Post by
stockmoveson Oct 21, 2007 10:53pm
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Post# 13612700
Heres My TAKE ....
Heres My TAKE ....for what its worth......
I dont know what KXL has, or will release... If i new the plan of the money behind this or was the one on the drills and running the show it would be different so all i can read is numbers... generally i dont even read bullboards,, why?? because numbers speak facts to me...
SO, if we open over 60 we retest 64.. if 68 goes we have a new breakout that runs us to 73/7... generally a little profit taking, often a pull and we blow thru 80, often a pause at 83/88 and we pound our way up to 93/96 test 88 and push out a $1... So depending how fast and furious this all happens tells me how high we push... If we open over 70cts we will take out a $1 tomorrow.. typically 1.01 / 1.05 is tops on the first push and the second will test 112/23.. If 1.28 goes we test 1.44.. (news can chg all this if gaps are higher)
Now if for some reason we get a MOnday market not so bullish open and dont gap up we may rete$st 49 and we hope to hold that and retest 60.. Nothings sure in life we know but death and taxes... I never have shares when we get to the top of any stock because im far to quick at taking profits... What concerns me here is im falling in luv with the story and thats when i get stupid, so keep your senses about u,, if the stock is meeting your expectations great.. Get the number in your head where your taking profit and sell in 1/3's or 1/2's and never look back and be happy with your decisions.. My specialty is buying BULLS on PULLS. a term of mine when the bull takes a pause and retreats 30/50% (on gap fills).. every bull does it, determing where the top is can be tricky... So i wish u all the very best and heres to another stellar week... Both greed and fear kill you... Most novice traders never work out a strategy to take profit, generally we chase stks higher and sell only on a loss.. I am not stating any of this as a warning but trying to be helpful, I personally feel SGX is a huge winner here and could very well be a $10 stock... but that i dont know and most likely if history repeats itself i will never be around when it happens because like i say im to stupid or impatient to ever be long a stock long enough to catch the BIG prize.. anythg over 50% is generally huge for me never alone 500% we are seeing on this play and perhaps its only the beginning.. all i know is ive made a lot of money this month and dont want to loose sight of my objectives... SO trade smartly or just go away and enjoy the patient ride.. because in the end u may be the bigger winner on this one or be happy with less and take somethg off the table when it meets your greatest expectations...
regards..
SM.