3SOF

Dipped a little at the end, but still up for the day. stock100.com's 5 day target for this stock is 3.32. Targets, Day 1 2.01, Day 2 2.32, Day 3 2.65, Day 4 3.23, Day 5 3.32.  I don't quite see that happening, but interesting target. I got in at 1.80, GL to you all.

Thanks for your posts 

BCON may pullback a bit today, I don't know, but the technical signal was made with volume above average and the long term picture is very bullish as you can see on the chart below.

My plan is very simple:

1) Sell with a profit at the technical target of the ascending triangle breakout, at $2.44.
2) Sell with a loss if we get a close below $1.44.

The stock may, and probably will, trend higher above $2.44, so maybe after I sell it with a profit (taking this as a given  ) I'll design another trading plan to buy it back again.

But that's too much into the future, I will continue to analyse BCON everyday until I sell the stock, as I do with all my holdings ...

David, you agree on following analysis,

BCON has hit 1.66 $ today (50% fib.retracement), popped up finally to 1.75$.
Pullback could be over now?

Quote from: la-onda on August 04, 2005, 04:05:30 AM
David, you agree on following analysis,

BCON has hit 1.66 $ today (50% fib.retracement), popped up finally to 1.75$.
Pullback could be over now?

I'm not sure how you got those fibonacci retracement levels la-onda (you can't abuse on their use), but I agree the pullback may be over now. The trading plan is so simple on BCON that I don't know why I have to update it. I guess it is to answer some good questions like the one you made la-onda ... 

If this breakout is for real, and everything on the chart says it is, BCON will reach $2.44 over the short term.

Any updates on BCON,? rallying today

Technical target is set at 2.44

Nice....

Last price $2.02....  volume 3.3 mil.....+15.43% 

Spectacular action on BCON today, on the face of a bear ugly market. I guess I'll just have to take my 47% profit, selling at $2.44, next week   

Breakout may be confirmed and turn to uptrend. I would consider to  buy it next pullback.

I've made a plan:

QuoteMy plan is very simple:

1) Sell with a profit at the technical target of the ascending triangle breakout, at $2.44.
2) Sell with a loss if we get a close below $1.44.

Now I will follow it, off course. Monday I will sell BCON around $2.44 if I have that chance (I believe I will), for a 35.5% profit.

But I'll keep an eye on BCON, I will probably, later, design a new plan to trade it.

David, you plan to buy at the pull back later, don't you? My humble guess.

 

End of the day chart.
This has made a great run.

Quote from: David Randolph on August 07, 2005, 06:52:08 PM
I've made a plan:

QuoteMy plan is very simple:

1) Sell with a profit at the technical target of the ascending triangle breakout, at $2.44.
2) Sell with a loss if we get a close below $1.44.

Now I will follow it, off course. Monday I will sell BCON around $2.44 if I have that chance (I believe I will), for a 35.5% profit.

But I'll keep an eye on BCON, I will probably, later, design a new plan to trade it.

David, why not just set a stop at 2.44 and let it run?

The stock is currently up another 11% in pre-market!

QuoteDavid, you plan to buy at the pull back later, don't you? My humble guess.

Yes, if I get the right setup I'll buy BCON again.

QuoteDavid, why not just set a stop at 2.44 and let it run?

Because I am trading a technical pattern. That technical pattern, the ascending triangle, has a target. I have to sell if that target is reached. Then I may make another plan to trade BCON.

QuoteThe stock is currently up another 11% in pre-market!

Cool, I'll sell higher than my target, on a gap up. I'll sell at the open, then.

Thanks for your posts, good luck for those who will continue to hold.

Hi DAVID! is it BCON still a good buy today?