Thursday, July 14, 2005

Triple-cup base analysis: LIFC


Continuing with my analysis series on triple cup bases, here is a doozy: LIFC. I watched this one set up and break out without doing anything. It would have been nice to be in this stock, but it will base again and I'll re-evaluate it as a buy candidate at that time.

3 Comments:

At 9:01 AM, Blogger HulkHogan said...

Haha! Look what happened to JDSU. I think I'll go cry now, considering I owned a position in that last week that I had gotten into for 1.50.

 
At 9:44 AM, Blogger jontait said...

Yea remember I mentioned to watch that one for this week because it looked like it was bottoming out and heading higher. Keep in mind that when you are selling with a limit order, it works perfectly when the stock is trading in a range, but when the stock breaks out of that range it may move a long way before stopping. If you keep selling out with small limit orders you will always miss the big move. So as long as you are NOT trying to catch big moves, just small ones then you won't be sorry you missed it, but don't be suprised if JDSU doesn't come down any time soon. I specialize in the big moves, so tonite I'm going to do a chart analysis of JDSU for this blog. You might be suprised at what you see.

 
At 10:19 AM, Blogger HulkHogan said...

I'm more curious to know if I can squeeze another 5 or 10 cents per share out of it if I buy a position today, heh. Trying to decide now while it's stuck on 1.73 per share.

 

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