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Air T Inc. Message Board

  • ericvondr1 ericvondr1 Jul 22, 2005 4:27 PM Flag


    if I remember in your recent said buy above closed today at 18.22, higher than the last close above 18 of 18.06 back in june. looks like a short term breakout to me...intraday, might be over 19 on monday. I got 18,000 at 18.36...

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    • yes, that was msg 42914, 3 days back..

      The upper resistance line had come down in last two days and a stop-buy above 17.50 would have been good too!

      I would prefer swing trade i.e. as per that message buying on dip with stop below 16..

      eric, my observation is that you tend to buy on momentum when stock is running. This is "safer" when the move is young and stock is making new highs. However once stock retraces to support levels after the end of first run to HOY, you should try for bargains. The overhead supply will always give you opportunity to buy lower! Lower you buy, higher the gains!!

      hope you got the point.

      about ABLE - Today's action is great and if volume follows through on Monday it will continue to go higher. New HOY is not ruled out in few days/weeks.

      I am holding GEOI. Might have added ABLE if I was in front of screen :)

      good luck for Monday!

      PS: did you sell GIGA. Hope you made nice gains on that one too.

      • 1 Reply to lccs101
      • thanks, I got lucky this morning...should have sold giga after hours yesterday like you said. There were only a few trades this morning above 7.7. I didn't sell there. I sold just over 1,000 at 7.54 in pre market. I put an order in the regular market for opened at around there, then went to 6.77. I didn't avg. price selling on the way up was 7.65, not bad since the high was 7.9.

22.30-0.19(-0.82%)Sep 1 11:01 AMEDT