... this was my post from 28/02/2008 ...Here is the post I made where I predicted the $7.20/share breakout ... I also predicted that a significant break out was about to happen because of the pennant formation ... I mentioned the break could be to the downside or to the upside ... either way it would be significant. I favoured a break to the upside and it happened.
"... as I mentioned on Tuesday. Chart was forming a pennant. Stock was set up for significant break out either to the upside or downside. I suggested to the upside because of gold's conintued strength that will push it through US$1,000/oz before it consolidates briefly before launching much much higher.
Hence my long ELD MARCH $6.00 CALL position. I love it. Just wish I had of bot more. Anyways, I'm going to take my initial investment out of the call position tomorrow ... and then I am going to roll the profits into ELD MARCH $7.00 CALLS because I think T.ELD is about to launch into orbit.
Next resistance is $7.20/share ... if it can chew through that level, it could literally go straight up from there.
Good luck to all T.ELD longs.
Do your own due diligence first."
rise1