I trade full-time while simultaneously working full-time. I provide commentary detailing the pitfalls and profits that come while fulfilling the responsibilities of a senior management position and trading at the same time.
Wednesday, May 2, 2007
CMGI Looking Good Here
CMGI is one that has been on my watch list. For a nice chart of the issue, check out Downtown Trader.
Today CMGI looks like it is breaking out on volume.
DCLK bought out. TFSM strong. Looks like a good trade Wood.
ReplyDeleteCMGI looks strong?? Thats a clear bearish decending triangle...isnt it? IMAX support held at the 200 DMA.
ReplyDeleteTriangle patterns typically presage continuations of the primary trend, which in the case of CMGI, is up.
ReplyDeleteDid IMAX fall after we talked about shorting it, or did it just reach that 5.50 level? I deleted the emails.