GRS – potential BO from consolidation

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GRS – potential BO from consolidation

Sep 27th, 2007 by Trader-8

Long GRS at 11.15.

Target 12.90

Stop 10.93

Risk .22

Reward 1.75

R/R 7.95:1

Plan

I will add to lower TL in consolidation pattern. will consider Buy Stop on a break above 11.45 – maybe at 11.55; depends on volume. GRS has been moving up all month & is consolidating near the highs of this move.

Note: this will be another of Tony’s NYSE Favorite “SAM” trades (Slow As Molasses).

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Posted in Stock Trading Class | 5 Comments

5 Responses to “GRS – potential BO from consolidation”

on 27 Sep 2007 at 9:01 am1Trader-8

Update – i was reviewing the trade and yesterday’s low is 10.93 & monday’s at 10.97. im adjusting the stop to 10.86. still good R/R,
on 27 Sep 2007 at 4:00 pm2Tony Oz

“Note: this will be another of Tony’s NYSE Favorite “SAM” trades (Slow As Molasses). ”

lol, I guess the only way to battle three-letter stocks from crossing the Stock Commentary ticker tape is to be a man and take a trade in a two-letter stock (and a regional bank, nevertheless) like I did today. I think I’m being influenced by the tremendous peer pressure to follow in your footsteps and give the NYSE specialist some business. Is the NYSE Group paying you for all the exposure you are giving them by the way?
on 28 Sep 2007 at 7:43 am3Trader-8

GRS resolved the pennant to the upside. moving stop to just under $11. looking good billy ray!
on 28 Sep 2007 at 10:30 am4Trader-8

i took partial at 11.93; right under $12. thats a thats about 7%-8% from entry & im wary of a retest of the BO level. also, gold has been rocking and is subject to nasty PBs; particulalry after London closes on fridays. i posted a picture of myself (above) collecting the profits – (its actually from Trading Places & Eddie Murphy’s character “Billy Ray Valentine”?
on 02 Oct 2007 at 7:56 am5Trader-8

the gold crush is on. closed pos at 11.14. seen this flx too many times over the years.

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GRS – potential BO from consolidation

5 Responses to “GRS – potential BO from consolidation”

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