The chart looks nutty but I think you can make some VST money going long NG. I am now long. They have a CC at 2PM. The stock is down on a secondary (ABX attempted a hostile takeover at much higher levels that failed). ABX just sold their shares and institutional investors "got in" at 16 and a fraction. It's now 14.8. I think it goes to 16 in short order.....FWIW.
Possible VST Trade Setup
Started by
Cirrus
, Apr 25 2007 12:17 PM
6 replies to this topic
#2
jjc
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Posted 25 April 2007 - 12:35 PM
The chart looks nutty but I think you can make some VST money going long NG. I am now long. They have a CC at 2PM. The stock is down on a secondary (ABX attempted a hostile takeover at much higher levels that failed). ABX just sold their shares and institutional investors "got in" at 16 and a fraction. It's now 14.8. I think it goes to 16 in short order.....FWIW.
I like it. I'll take the third push up with a tight stop.
#3
Russ
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Posted 25 April 2007 - 12:36 PM
Heading for the gap at 11-12? On the other hand rsi looks oversold....
http://stockcharts.c...8350&r=6980.png
http://stockcharts.c...8350&r=6980.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
jjc
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Posted 25 April 2007 - 12:46 PM
The chart looks nutty but I think you can make some VST money going long NG. I am now long. They have a CC at 2PM. The stock is down on a secondary (ABX attempted a hostile takeover at much higher levels that failed). ABX just sold their shares and institutional investors "got in" at 16 and a fraction. It's now 14.8. I think it goes to 16 in short order.....FWIW.
I like it. I'll take the third push up with a tight stop.
Took the scalp for 0.30. 3rd push was not too big, but it was fun.
#5
Cirrus
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Posted 25 April 2007 - 12:47 PM
Russ...it might be. However, my time frame is today or today plus tomorrow's first half of trading.
#6
Cirrus
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Posted 25 April 2007 - 01:49 PM
Just took half off the table. I may hold the rest for longer than a day...we'll see how it acts.
#7
jjc
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Posted 25 April 2007 - 02:17 PM
Nice trade and thanks for the heads up. If I were a better trader I might have gotten a fewJust took half off the table. I may hold the rest for longer than a day...we'll see how it acts.
more cents, but no complaints
