GRA

[Lucas Scott]

hey Fous - resurrecting this old play. Looks like it would make a nice SHORT soon. RSI just reached overheated territory and its testing the top of its flag/channel. If it breaks out of that channel, I'd look at going long as the implied target would be in the high 20's.

[Lucas Scott]

Yo Fousto - GRA is setting up for a move higher after last Wednesday's breakout. Time to buy for a ride to $30?  btw I shorted at 12.77 per my previous post and stopped out at 13.77 not long after. Now I'm thinking I can get a refund on the long side.

[fous]

Yo Fousto - GRA is setting up for a move higher after last Wednesday's breakout. Time to buy for a ride to $30?  btw I shorted at 12.77 per my previous post and stopped out at 13.77 not long after. Now I'm thinking I can get a refund on the long side.

Damn i missed it Lucas! i was watching this one again once ou reposted on it near the resitence level. Oh well its hard to catch every train  . Looks like GRA had a great 05 financially which boosted the sentiment to push it to a new 52wk high.

For the fiscal year ended 31 December 2005, W.R. Grace & Co.'s revenues rose 14% to $2.57B. Net income totaled $67.3M vs. a loss of $402.3M. Revenues reflect increased sales from both Davison Chemicals & Performance Chemicals business divisions, improved product mix and higher volumes in all geographic divisions. Net income reflects the absence of provision for asbestos related litigation expense and improved operating margins.

Technically GRA broke out of its tall descending channel and broke long term resitence around 15. I think i good entry would be in the low 15's near the middle of the tall white candle which just happend and is also longterm support.

I will probably buy this one if i get a chance to in the low 15's. I think this has the capablity to continue its climb to 20$ in the future.

Way to keep this board active Lucas(applauds) too bad on the Short  . Hopefully you'll make it back on the long side.  Did you buy in?

-fous

[Lucas Scott]

Nope I don't own it. I didn't see the pop on Wednesday until after the fact. I had considered going long when I covered my short a few weeks back but I didn't do it. $15.49 was the high in Nov 2004. I'll be looking to enter there. 

[njshiva]

 

[rayongthai]

WOW...i am en engineer and i've used several Grace products in the past. I used to own this one a couple of years ago when it was trading under $2!!!....I sold too soon obviously.

[njshiva]