View Single Post
  #1  
Old 12-08-2005, 08:18 PM
cdxx cdxx is offline
Member
 
Join Date: Mar 2005
Location: playing way too many hands
Posts: 45
Default TINY technical breakout?

i am not comfortable reading technical signs. i normally don't look into TA a whole lot because most of my positions are very long term. this stock is no exception, i've owned 100 shares of it since forever, and it never made much of a move. i should have gotten rid of it, but simply never pulled the trigger. the company basically owns a bunch of nanotech startups, so i wouldn't classify it as a play on tech recovery, so if the right opportunity to sell came along, i think i'll jump on it.
chart

anyways, it broke out a month ago on very nice volume and no news, and accomplished the same today. i am not buying more of it, but if i didn't own it and it showed up on my screen, i'd be very tempted to get into it for some quick cash, depending on tomorrow morning. probably putting in a trailing stop order around 5% of where it opens tomorrow.

does anyone here have an opinion?
Reply With Quote