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#1 hiker


    independent trader

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Posted 28 December 2006 - 01:37 PM

69.80 was the former high

PnF chart today signals a breakout on the move above the former high -


Date Event
23-Jan-07 Splits Calendar: U.S. Global Investors splits before market open today (2:1 ratio)

Posted Image

Edited by hiker, 28 December 2006 - 01:39 PM.

#2 hiker


    independent trader

  • TT Member*
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Posted 28 December 2006 - 02:01 PM

fyi, just sent out this email to some traders with whom I stay in regular contact...take into acct. tax defferal selling consideration:

I sold GROW core longs on volume and price spike above prior 69.80 historic high

it is a very small float and high short interest name....I like to sell these speculative trades on PnF breakouts...a PnF breakout in this case, is simply a move above the prior 69.80 historic high.

Note the PnF price objective remains above, and 2 for 1 split coming up in late January...will look for possible reentry -


Edited by hiker, 28 December 2006 - 02:02 PM.

#3 VolPivots



  • Chartist
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Posted 29 December 2006 - 12:34 AM

Hiker, Guy that sits 2 desks down from me is long from an average of $16.....last time I recall someone getting so 'giddy' about a position was the summer of 05. At the time, our company's fundamental analysis manager was rubbing it in how he had been correct all along on the NG runup......we've now seen the aftermath. Anyways, will be interesting to see how GROW trades going forward--IB currently has no shares available to short. You still playing LFC and/or FXI?.....recent moves have been quite spectacular to say the least. GL in '07!