Saturday, November 25, 2006

Trade Update



On November 18th, I posted a chart of NYX and said it was forming a Bull Flag...Well since then that stock had a nice move to the upside.. If anyone actually bought this stock on the breakout, I would suggest taking profits...This was a quick trade and the objective was met and exceeded.
Posting potential short-term stock trades on this blog is very difficult because stocks move fast, conditions change and there is no way for me to post comments fast enough during the day ..I do trade and I don't spend my day posting messages until after the close...So I'm thinking if I do see a stock setting up for a trade, I'm going to make sure it's a longer term type of trade so that my postings won't have to be so timely..Anyway..if anyone made money on the NYX trade, I'm glad and thankful that it worked out..

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