This was my baby. I had a lot of money invested in this one as I loved the long term and short term chart and saw enough stocks move higher with less pretty charts. So I decided to plunge a little larger in this one due to all the green and was well rewarded with a huge gain. I also added to it along the way up, making a very nice profit. From the first buy to the top a nice 1,304% gain was realized in four months and three weeks.
This is the last big winner of the 99-00 period that I owned that still has a chart on TCNet. I was long QCOM and JDSU at points along the way in 1998 and 1999 but neither chart are pretty and that is the way with some other big gains I had during the period. I just wanted to keep it to the green to max green BOP stocks.
the buy (long-term view):
the buy (short-term view):
the top:
Stocks Close Higher ahead of the Fed
Anticipation of the Fed tomorrow is tremendous as traders position themselves ahead of tomorrow’s policy announcement. On the economic front today weaker than expected housing data failed to halt the rally in homebuilding stocks today. Homebuilding ETFs regained their 50 day moving average a show of strength. Buyers were out support stocks yet volume lagged [...]