The grinder provides a technical hypothesis derived from interpretory chartography... "he calls'm the way he sees'm"... based on his years of analyzing stock ticker trend movements... only "clean data" is evaluated... no outside influences are considered... resulting in unbiased hypothesis.
Grind posts opinions FOC... (free of charge) on a regular basis for those who wish to verify/compare/validate information... if you are fortunate in your trades on grinds interpretations of symbol direction, consider the "Donate Now" link above... and flip the grind a little coin...
September 4, 2010 - 0800
….how sweet is a trade when you cannot lose?! The (TYH) trade from Tuesday just refuses to give it up this week – I placed a 3% trailing STOP yesterday pre-market for a good till cancel order and guess what traders – it did not fill, the share price fluctuated and rose all day….even at the 25.50 alternative fixed STOP LOSS target I gave, you still would not have been taken out – that is just too good!!! OK, so what to do with this trade…..simple, the answer - NOTHING – just keep it on the table as is….either raise your STOP LOSS fixed target to say 26+…or reduce the % trailing stop to say 2% from 3%...either way you are making a greater profit with NO CHANCE OF LOSING ANY MONEY – get it….can it be any easier…………….OK, now to the AEZS spec play we put back on (I gave the BUY on August 25th at sub-dollar prices!)….how is that 20+ % gain feeling now, huh……..ring the register at your own convenience on this one – we have traded this spec play at least 4 times now for about 200% returns…..and NEVER had a loss on it…….and finally, you’re welcome for the EDR trade I gave up on the 25th of August at 6.60/share….another 10% worry free trade that is only going to go higher….but remember – use a STOP of some kind to lock up the profits….gains are only gains when you take them off the table…….if you followed the trades for just the past two weeks, you are up considerably at this point ….10% on TYH, the 12% you took off from FXP, 20% on AEZS and another 10% from EDR……who else is giving it up like this?.................the only “bad” call I have had this month is the regional bank play I gave (TRST) which is exactly at the price I gave the buy on back on August 25th , if purchased back then, you are flat on the trade….so if my record is any indication – I should probably load up for a double share weight on that one tomorrow, it is probably going to EXPLODE!............on a “shorter” note, for those who like to accumulate blocks prior to a pending (and I believe, inevitable reversal)…..the TZA is back in play as an “accumulate”, as well as the BGZ….a small (1/3 weight) initial block will be added to the grinders portfolio today, this counter trend rally is about to fizzle in my opinion – I am beginning the short accumulation prior to the holiday weekend and just made the buys pre-market, pre jobs report…..good luck trading, hit the donate button for a change….. and grind out the profit!