3SOF

Nothing too exciting with GV yet.

I bought last month and holding through the Hurricane Season.  The chances of hurricanes really picks up through the month of August into September.

Quote from: Melf Elf on July 20, 2006, 02:42:34 PM

In addition to the stacked resistance beginning at 1.49 that I outlined in my post this morning, near-term resistance, basis the 10-minute chart below, is at 1.44.  GV has been trying to get through there for the past few days, and repeatedly has gotten refused.

On August 2, GV made it to the low end of stacked resistance, 1.49, and has been holding at solid 1.25 - 1.26 support since then.  Unfortunately, that support was taken out this morning, and if GV doesn't reverse this afternoon and close at least at 1.25, all of the trading for nearly six weeks, between 1.25 and 1.49, will become additional resistance.

GV currently is BID 1.17...ASK 1.18

Sorry, guys.  This has been a tough play for some of you.  I've had many of them over the years, and I think that the best that we can do is to learn from our mistakes.

1. Honor Thy Stops

2. Don't Let A Loss Become A Disaster

3. Don't Double Down On A Loser

There will be other trades, so "Live to play another day."

I am averaged in at 1.18 so am still losing money on this trade so far, but GV is starting to run on the hurricane potential, up 8% today.

so, tok, you are starting to make money on GV now. congratulations. Sell it at 5?

Quote from: winner919 on August 25, 2006, 02:04:55 PM
so, tok, you are starting to make money on GV now. congratulations. Sell it at 5?

Heh, a little early to start thinking about that, I will be happy just to see it trade above its 50sma again.  And if it gets even half of your $5 projection I will do cartwheels and backflips in celebration 

Just to give an input:

GV broke its long term support a few weeks ago, had a reactive sell off and is trying to rebound now. The mid term resistance (descending) is $1.28, but the main technical factor in my opinion is GV getting above $1.40 ASAP to invalidate the recent support breakdown.

Good luck ! 

Quote from: Ramsburg on August 29, 2006, 02:22:48 AM
Just to give an input:

GV broke its long term support a few weeks ago, had a reactive sell off and is trying to rebound now. The mid term resistance (descending) is $1.28, but the main technical factor in my opinion is GV getting above $1.40 ASAP to invalidate the recent support breakdown.

Good luck ! 

Rams, I agree with you about needing to get above $1.40, specifically above 1.41 which is the 50sma now.

Today was a good step in that direction, up 7.26% to close at HOD at 1.33 on decent volume.  It was somewhat slow until it went above 1.26 (the 200sma) then it really took off.  1.26 should serve as strong support now, 1.40 is easily in sight, its just a question if it can go above that.  I will be thinking about selling half around that area, depending on the chart and the weather at that time, etc.

noticed that gv reported good earnings. up from here?

The GV Threads in Previous 3SOF Picks
Have been merged.
Got the go ahead to do so from Ramsburg.
I will be working here on this board to merge other threads also.

I will leave you Friday's closing chart while I'm in this thread....... 

Good trading to all !   

Regards,
Your fellow trader @3SOF
setravis