Staying Out Of Trouble
This morning, a good example
occurred of why you wait for entries to trigger. I thought I would close out 2001 with it, to reinforce
a simple
concept that can save you a lot of money and heartache.
Stocks In Slim Jims
Low RS at
or near low
Company Name |
Symbol |
Relative Strength |
Price |
Average Volume |
Today’s Volume |
| Alltel | (AT) | 15 | 62.13 | 717,626 | 569,000 |
| Mercury Computer | (MRCY) | 5 | 38.75 | 435,878 | 132,700 |
| UST Inc. | (UST) | 18 | 34.91 | 562,915 | 318,100 |
Mercury Computer
(
MRCY |
Quote |
Chart |
News |
PowerRating) appeared in the Nightly Daytraders
Report for Monday after it closed near the bottom of its range in a
Slim Jim. The stock is currently up 0.98 to 39.73 in today’s
session.
Waiting for the stock to trade under Friday’s low would have
kept you out of a losing trade. As Dave Landy (aka the Rajun’ Cajun) likes to
say, “no tickee, no tradee.” This takes no special skill, has nothing to do with
luck and will keep you out of a great deal of losses.
Thank you all for a wonderful 2001, and hopefully an even better
2002!
Duke