Friday, January 11, 2008

SEED-

SEED was my chart for the day as it broke through the $9.5 resistance and closed the day $10.91 on huge volume. When it backed of to the 9.8 level i frankly didn't think it could muster up the momentum but it sure did with a vicious rally in the last half hour. Hard to get uglier than today. It was just disgusting and felt almost 1987 like.

2 comments:

Jack said...

nice on seed. you need incy to break above the high the other day to go long? I have been playing incy for several points now,on chart and insider buys but only have a couple thous left.
1987? I dont get the resemblance

upside said...

i agree on incy, also with strong volume-1987? just had that the kind of feeling to me- i remember it like it was yesterday-so it's probably the bottom

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.