TradeStation Group, Inc. (NASDAQ: TRAD)
Position was opened on 8/20 at 10.34
Based on technicals………
EDIT 9/6
Position closed 10.21%
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| TRAD | | | D | W | 5 | 3 | 2 | 1 | E | ![]() |
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D
5
August 22nd, 2007 10:25
(Nasdaq:TRAD)
The headlines out this morning should turn on the light bulb for many people. “Consolidation” They should be thinking who might be the next one. I expect this to trade higher as speculation money comes flowing in.
Take over target?? Time will tell but for now speculation should drive price, thanks to merger talks of ETFC and AMTD.
August 22nd, 2007 13:27
Weekly view of TRAD
http://stockcharts.com/h-sc/ui?s=TRAD&p=W&yr=2&mn=0&dy=0&id=p91214361783
I’m going to say if TRAD can break above the 144ema on the weekly that should set this one free. You’ll notice the peaks off the 16.70 and the 14.03 flags. I don’t use the highs for trend lines. I rather use where a stock gapped open or the close as resistance. Hopefully speculation really picks up, or some sort of news from the company can push the price above that area.
edit,
I did a quick chart
August 22nd, 2007 17:23
Nice finish for TRAD! 11.35
September 6th, 2007 11:11
Position closed 10.21%
11.40
September 6th, 2007 22:50
Well done.
September 6th, 2007 23:00
Thanks Andrew,
I got a feeling that thing is going to go. See chart in link post #2 I got tired of waiting for it. I also looked at what it ‘might do’ and looked at another stock at 1.16 and did the math based on dollar for dollar invested. If I read it right and all the buying I did today, as long as it follows through tomorrow it was a wise move.
Time will tell. Playing 10.00 stocks in very unlike me. I rather have size and catch 20-40 cent moves.