Do not buy Nxtl unless it breaks above fifteen with conviction! For last six months or so, you could have bought at $12 and sold at $14 several times for a tidy profit. It has been in a 'trapped' pattern all that time. It tried to break-out recently (late April) and then pulled back. The pull back was on heavy volume not like a healthy handle. Pullbacks on light volume are very good signs and excellent buy signals. Pull backs on heavy volume are worrisome at best and often signal a down leg.
Any thoughts on Nextel (NXTL)? I think they are going to be able to have walkie-talkie capabilities across the nation this year. Short term the stock may slide a little looking at the charts.
Good choice there Andy. I was actually thinking about E-Trade myself. It has a terrific break out pattern and even got a good word in the Worden Report the other day.
I got into e-trade recently at 5.6 (end of last week). I think they will be a good pick when the markets take off. I will see what happens by this fall with it.
ECP (Canterberry) had huge volume today and a doji star candle formation. While it could very well go much higher the better part of valor is to take my 93% profit and go home. I put in a sell order at the market for tomorrow morning.
If any one has been following it, my recommendation from last fall for Canterberry Park Holding Corp. (ECP) has quietly moved from $9 to over $17. Move your stop up to about $15 and see if it will go even higher. A few more cents - and we will have a double.