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Cameco Corporation Message Board

  • chicagotrader64 chicagotrader64 Nov 25, 2005 11:37 AM Flag

    Taking some profits here


    Getting a little overbought here...
    Will try to re-enter on a pullback

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    • Nothing wrong with locking-in profits...but...
      last time I tried that with CCJ I ended up buying back in nearly a dollar higher. Pullbacks happen but it's tricky to time right with a stock tied to any commodity. If a stock looks to pullback or I think it's overbought I usually just place a tighter stop-loss underneath it. Good luck.

    • I agree that it looks like a pullback here, but I don't think it's worth a trade. The percentages don't look tempting enough versus the risk of missing a decent re-entry, which is not easy to do. I doubt that this one, will go below $52, and that kind of trade just isn't what I personally think is prudent. Again, that's just my opinion, and you certainly may be right, and do even better! I hope so, because even though I disagree, at lease you post your intentions openly, and are not one of those know nothing big mouths that just yell fire and never back up what they post. I hope you do well, and may all your trades be profitable. Have a great day! :)

    • That's what they all say.

      Good luck........................

      • 2 Replies to butchtherat1
      • Hey butch... that's definitely not what they all say. chicagotrader just posted his thoughts, and declared his intention to trade, either just before, or immediately after doing so! Most just jump in declare a huge gap to the downside, or some stupid thing like that, and go away. If you're putting chicago.... in that category, I couldn't DISAGREE with you more. As I said, I disagree with him, but at least he's up front and not being a blowhard. He might be right, or he might be wrong. But he's honest about it. That's just not a common thing to see on these message boards. The man has integrity and is believable. Let the wimps take a hike, and let a good man say what he believes, and isn't afraid to back it up. Good luck chicago... :)

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