ATML - Sector: Technology - Industry: Semiconductors

[Terliso]

Atmel Awarded $43.1M for Breach of Contract and Misappropriation of Trade Secrets by LM Ericsson Telefon, AB
http://biz.yahoo.com/prnews/051122/sftu064.html?.v=32

[REALDEALS21]

ATML keeps on running UP, nice and slow, going to $4 !

[calven]

Heavy ATML resistance @ 4.00 even. Probably a good sell target...

(applaud)

cal 

[Terliso]

CHART 2

We maybe correct Calven... $4 resistance might be tough for ATML

[Terliso]

Update the chart:

It could hit 4 again before runnning back down..

you maybe correct Calven... $4 resistance might be tough for ATML
See chart Above:

[David Randolph]

ATML rise just turned more serious after the stock was able to close above a long term resistance level on Friday.

The previous rise can't be defined as a «rebound» anymore, technically it is all blue skies for ATML from this point.

I'll buy ATML for the 3 SOF Fast Portfolio at today's open, $5,000.

[David Randolph]

Target is $3.59 - $3.01 = $0.58 + $3.59 = $4.17, or a 15.19% profit potential from my buying price at $3.62.

I set the risk at 5%. If the stock prints $3.44 I'll take my loss and move on.

This is how I want the 3 SOF Fast Portfolio to be from now on. Plain, technical, and above all, simple.

[422fwhp]

So, would you set a stop loss at $3.44 ?

TIA,
Jody

[David Randolph]

So, would you set a stop loss at $3.44 ?

TIA,
Jody

Yes Jody, I'll send the newsletter with the cristal clear instructions right away 

[422fwhp]

Yes Jody, I'll send the newsletter with the cristal clear instructions right away 

That reminds me: I need to change my email address to receive those at my work email address. 

[David Randolph]

8 consecutive white candles => Bulls are in control.

The plan is:

1) Sell with a profit at $4.17
2) Sell with a loss if the stock trades at $3.44.

[Amarens]

David,

Quick question. When you say trade, do you still mean at closing. So do you mean still is set to close at. Or do you set a stop loss at that price?

Thanks in advance
Amarens

[David Randolph]

David,

Quick question. When you say trade, do you still mean at closing. So do you mean still is set to close at. Or do you set a stop loss at that price?

Thanks in advance
Amarens

I set a stop loss at that price because I'm not willing to lose more than 5%. This is a different type of money management rule, I set a percentage stop level of 5%, regardless of the chart or other matters. This is because I need simplicity on the Fast Portfolio.

I set a larger target than a stop loss level and look for stocks with attractive technical patters, so my win/loss ratio improves. If the win loss ratio is 1 (wins = losses), I'll make good money every month on the Fast Portfolio.

The plan for ATML still is:

1) Sell with a profit at $4.17
2) Sell with a loss if the stock trades at $3.44.

[David Randolph]

No plan change for ATML, it is still:

1) Sell with a profit at $4.17
2) Sell with a loss if the stock trades at $3.44.

[shawFund]

Have we exited the position?

It traded lower than $3.44 during the day but closed above it.