Monday, June 20, 2005

GOAM cup & handle


The way I'm probably going to play this GOAM cup & handle is a probe buy in the handle, and I'll follow up by doubling down if it breaks above the upper-channel line. Obviously I drew the upper-channel line on the chart much higher than what it really is to keep the chart from being cluttered. It is interesting to me how the price action of GOAM has really tightened up this year. I've noticed the same phenomenon happening in SIRI, which I've also got a position in.

My watch list for Tuesday, 6-21-05:

goam
boom
caas
exm
upcs
sina
cvo
cwtr
frgo
mscc
ndaq

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