3SOF

I am seeing TGC stumbling upon the target of a short-term ascending triangle, is this right?
(.94 - .50=.44 + .94=1.38, the HOD so far is 1.39)
I think I will lock profits and re-enter once it breaks 1.39; the risk is I might end-up missing the final run-off to 1.50-1.60.

Also rocking today TGC

Great run for TGC today what a beautiful big white candle !

From a short term perspective it is very difficult to measure these moves, especially after such a great run... But if we look to the long term chart (second attachment on this post), we can clearly see the signs, and it's easy to imagine TGC a few bags ahead of current price on the long run time frame.

Anyway, and as stated on our first post, we are not trading TGC for the long run

For short term TGC didn't confirm any weakness yet, and momentum is getting hot... We expect a gap up tomorrow, and the opportunities to fill our limit sell order at $1.60, although $1.60 is just a simple projection ($0.99-$0.38= $0.61 and $0.99 + $0.61 = $1.60, being $0.38 the December low, and $0.99 the October's high and breakout level), a projection is not a sell signal, is just a reasonable number to expect from a move on a technical point of view.
Speculative moves like this one tend to exceed any reasonable technical target (always with high retracement risks), so we would not be surprised to watch TGC trading above $2 short term.

Our plan will be the same, just updating our stop level to our entry price to lock our risk on this trade:
Hold TGC with a stop @ $1.15 and a limit sell order @ $1.60

Best regards !

I set my stop a little lower at $ 1,55 (learning from the Nich experience where we were just not stopped out and saw it go down losing profits .) and I was stopped out since that was the high of the day. 33% profit in a couple of day's very happy  .

Thanks for a great tip and good luck to those still holding!! I hope it goes over $ 2,-

Amarens

what happened here. I didn't see any pr? All of a sudden it dropped like 10% after being up %5. Anyone see anything, or is this stock just that volatile?

Ramsburg,

Just for the record  I don't do intraday trading. I found that one of the most realxing advices David gave. Plan before opening, execute and look half an hour before close. I really just followed instructions placing a limit sell order. Just not at $ 1,60 but a little lower at $ 1,55 b/c that looked saver to me after the NICH experience. I got luckey yesterday  .

Might consider entering again today. Will keep the community here updated if I do 

I'll keep my fingers crossed voor 3SOF it will turn to the positive again today. I would probably lower my limit sell order to the high of the day from yesterday  But I'm just learning 

Good luck,
Amarens

It hit the measured move to 1.50 and was a 59% gain so very nice trade

Remeber to check the 22 gold stocks as each day some are going. VGZ added more and GOLD also - then yesterday AUY and DEZ broke out. All the charts are clear.  http://tinyurl.com/s52tc

That was scary! At 3:21 TGC got within 2 cents of the stop loss.

I want to make some money on this one.

sold @1.15...  That's a pitty considering it already touched 1.55...

for what it's worth, I just bought today for the first time.

Hope you the best of luck

Quote from: netfishmademerich on April 06, 2006, 11:19:25 AM
for what it's worth, I just bought today for the first time.

Quote from: netfishmademerich on April 06, 2006, 11:19:25 AM
for what it's worth, I just bought today for the first time.

$1.10 is 9-ema support. If it can hold, the up-momentum is still inact.

Stopped out at 1.13-1.14

Nice run...now retreating back to retest support. I like this trade with an entry anywhere from .97-1.02

Plan - Entry .97-1.02
Stop .87

My chart below...50 day moving average also projects to about .95 which should provide additional support.

I stopped out at 1.15 as well.

Will keep it radared however to see if the 9 EMA holds