From the Trading Desk

FMDAY 7-8-03 to 7-21-03 and 11-6-03 to 4-8-04

FMDAY’s first run was very short lived and was just a preview to what was to come but still this particular move was a solid move as the stock gained anywhere from 50% to 80% in nine trading sessions. THE SECOND TIME AROUND (REPEATED BELOW) FMDAY this time broke out above the 50 DMA and became one of the prettiest longs I still have ever seen to this day. FMDAY produced a 320% to 450% (depending on where you went long from 11/6/03 to 11/12/03 gain in only five months. This stock might not have had the greatest fundamentals but goes to show how important a HOT HOT HOT HOT chart can be for a stock’s share price.

the first buy:

fmday7_8_03__Large_.PNG

the add:

fmday7_15_03__Large_.PNG

the top:

fmday7_21_03__Large_.PNG

FMDAY this time broke out above the 50 DMA and became one of the prettiest longs I still have ever seen to this day. FMDAY produced a 320% to 450% (depending on where you went long from 11/6/03 to 11/12/03 gain in only five months. This stock might not have had the greatest fundamentals but goes to show how important a HOT HOT HOT HOT chart can be for a stock’s share price.

the first buy:

fmday11_6_03__Large_.PNG

the second buy:

fmday11-7-03 (Large)_1.PNG

the third buy:

fmday11_10_03__Large_.PNG

the fourth buy:

fmday11_12_03__Large_.PNG

the first sell:

fmday3_3_04a__Large_.PNG

fmday3_3_04__Large_.PNG

the big sell:

fmday3_31_04__Large_.PNG

the top:

fmday4_8_04__Large_.PNG

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Comments

  1. jack hakim says:

    Hi Joshua , you said your first buy was on 07/08/03.
    looking at the chart why didn’t you buy on 06/19/03? It had more volume that day.

    What is your criteria when you make second , third and more buys?

    Trying to learn.

  2. IT IS OBVIOUS. why I did not buy in June…look at the weak closes and how far it was from the 50 DMA. You can’t buy that far away from the 50 DMA without a strong close.

    2nd, 3rd, 4th buy. You can’t see that? :(

    Uhm, not sure how you cant see it but…..how about the price, volume, and BOP off the 50 dma!

    Same as everything else. This is the LAST!!!!!!!!!! stock I EVER!!!!!!!! thought ANYONE!!!!! would have to ask about.

    WOW.

  3. Anindo Majumdar says:

    Hi

    I am referring to your sell on 7/21/03. What made you sell on
    that day ? To me the action on 7/21/03 looked like a breakout to
    new highs on heavy volume. I would have pyramided on that day.

    Thanks

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