tag:blogger.com,1999:blog-20374666.post8168692522358971499..comments2024-03-05T07:50:04.017-05:00Comments on Stockbee: 70 Plus EPSPradeep Bondehttp://www.blogger.com/profile/16750002566366368685noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-20374666.post-43704541709053383552007-06-02T07:33:00.000-04:002007-06-02T07:33:00.000-04:00In my experience the Wall Street pros would seldom...In my experience the Wall Street pros would seldom allow you to get in at less risky or more favorable price after a real breakout. <BR/><BR/>Either one should do their homework before hand and jump on opportunity at first hint or just move on to next opportunity. MICC, SSW, were two stocks which I had shortlisted last week from IBD 200 as best candidates. So first hint of high volume and i was in. <BR/><BR/>Will it go up or go down or pullback next , who knows, one trade does not matter in overall scheme of things. Probability of it going up is high that is the only reason to buy.Pradeep Bondehttps://www.blogger.com/profile/16750002566366368685noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-78237955812379357282007-06-01T20:41:00.000-04:002007-06-01T20:41:00.000-04:00Good point, A further break out would be great, b...Good point, A further break out would be great, but a light volume pullback to 90 could be a chance to load up again.BrandonRBurghttps://www.blogger.com/profile/16626425440104082593noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-85581096683258239592007-06-01T17:54:00.000-04:002007-06-01T17:54:00.000-04:00I would like to see if the breakout is confirmed o...I would like to see if the breakout is confirmed on Monday ( It will go up initially when the market opens, but there is a likelyhood of some profit taking and will come down). I am thinking of making an entry at that point, as I missed out this morning.Krisampathhttps://www.blogger.com/profile/15699716306999418640noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-43511084449889100292007-06-01T16:10:00.000-04:002007-06-01T16:10:00.000-04:00All very good points. We'll see if it can keep go...All very good points. We'll see if it can keep going. Best of luck and thanks again for the comments.BrandonRBurghttps://www.blogger.com/profile/16626425440104082593noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-49760649765742673322007-06-01T15:06:00.000-04:002007-06-01T15:06:00.000-04:00But there are many other things going for MICC, li...But there are many other things going for MICC, like sector, like earnings, many quarters of good earnings, funds buying, relative strength. It was any way creeping up for couple of days. When I saw the black border in IBD today, I told couple of people to watch it as it will likely breakout. The S&P upgrade was incidental.Pradeep Bondehttps://www.blogger.com/profile/16750002566366368685noreply@blogger.comtag:blogger.com,1999:blog-20374666.post-56301932400298697972007-06-01T15:02:00.000-04:002007-06-01T15:02:00.000-04:00Pradeep, great commentary. A lot of it seems lik...Pradeep, great commentary. A lot of it seems like common sense but in many cases that is what's needed. <BR/><BR/>I too have been watching MICC and got in on the breakout just above the buypoint. However, the only catalyst I can find for the move is an upgrade by S&P. How do you feel about breakouts where the catalyst is an analyst upgrade? Thanks.BrandonRBurghttps://www.blogger.com/profile/16626425440104082593noreply@blogger.com