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Thursday, June 15, 2006

AAUK - 061506; 30-minute chart

posted by Tom C:

I am 0-2 in selling early, as AAUK also rallied to hit the Fibonacci extension.

Oh well, you never go broke taking profits!



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2 comments:

QQQBall said...

i should add and then when it continues higher you can trail the stop up?

QQQBall said...

the above is an addition to a post that apparently was eatne by the Blog! my original comment was that rather than taking all at 50% point, why not take 1/2 at 50% and then place a stop say .15 below the 50% level, then if the stock moves up, adjust the stop upward trailing as price advances. at least this way, you are essentially risking .15 for the other 1/2 of the target projection?