3SOF

Yikes I wouldnt bail so soon (9 day)


I see strong support at SL1 and some support at SL2 - I will be doubling down on my position at SL1 should TSEM reach that...I suspect SL2 will hold for a while though. Maybe long enough for this triangle to breakout 

Quote from: calven on November 23, 2006, 04:42:59 AM
Yikes I wouldnt bail so soon (9 day)


I see strong support at SL1 and some support at SL2 - I will be doubling down on my position at SL1 should TSEM reach that...I suspect SL2 will hold for a while though. Maybe long enough for this triangle to breakout 

You're right Calven...I'll give TSEM a little more room but now I think it will take a little longer to close above 2.12.  We're in such a stock picker's market now and I don't want a repeat of Dec 2005

Not sure if the 9 day bail strategy was correct but it worked for you    Overall market tanked big time so cant say conclusively if that was a good idea...

Now TSEM approaching a major trendline...

Support touched - Doubled my position at 1.90

1,000 @ 2.08
1,000 @ 1.90

Ave 2,000 @ 1.99
Stop: Tick below 1.79

Tagged the support trendline.

Stop: Tick below todays low (1.87 stop)

Held onto TSEM violating my trading plan stop... Im just curious to see how it reacts to the 50 day ma...A break of the 50 day ma and I will stop out.


-calven

What do you guys think of this one? It's probably a short term trade and you can get out at the top of the triangle if it doesn't break out.

Hey bud,  we are already covering this one in the other thread... you can do a search in the search box above - just type in the ticker symbol. This way we dont have 3-4 threads started about the same symbol..

http://www.3stocksonfire.org/trading/index.php?topic=4212.0

A new thread started today, no problem, it has been merged !

"TSEM" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.   
All history on a stock pick in 1 thread is awesome.   

Thank You....and good luck with all your trades....make some $$$   

So what do you guys think, is TSEM going to hold above the 50 day ma>?  Realtime 1.87 right now.... I think it could get some support there.

I have set my stop at 1.80 -


Long 2,000 @ 1.99

Quote from: calven on December 06, 2006, 03:44:29 PM
So what do you guys think, is TSEM going to hold above the 50 day ma>?  Realtime 1.87 right now.... I think it could get some support there.

I have set my stop at 1.80 -


Long 2,000 @ 1.99

Calven...I'm still holding TSEM as well.  It held the 50dma...but it needs to move soon.  Today's overall market didn't help...but...a double top at 2.16 is also a possibility.  I almost dumped it today...but decided to give it another day or two.

Why in Scottrade does the stop have to be .15 below the bid? I don't get it because now I can't put my stop higher than 1.73.

Quote

Calven...I'm still holding TSEM as well.  It held the 50dma...but it needs to move soon.  Today's overall market didn't help...but...a double top at 2.16 is also a possibility.  I almost dumped it today...but decided to give it another day or two.

Quote

Yes Im getting worried as well. Almost got scared out today...but this held the 50 day ma so ill hold...

Still getting donkey punched on this one...but we held 1.70 and nobody ever made money by panic ing....still long and strong but deep in the red.