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Ice Heating Up

By Brett Goldstein on May 02, 2007

I just bought some more ICE (126.50). There earnings were very good  and has come down from a high of 168 . This stock is poised to go higher. If not in the next few weeks, then defiantly in the long run.

A reader also asked about stop losses to the charts the I provide. I myself do not use stop losses. I have gotten burned in the past and they have prohibited me from making gains. A good example was yesterday in TSL. The chart was telling me that there was support at $50. If I would have put the stop loss in a little under $50, I would have been taken out only for the stock to go up higher. That is just one example out of many.  I am able to sit at the computer all day and watch my stocks, but if your not able to then stop losses may be the right thing for you.

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This entry was posted on Wednesday, May 2nd, 2007 at 7:15 am and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.


10 Responses to “Ice Heating Up”


By Market Matador on May 2nd, 2007 at 7:56 am

You hit it spot on Brett! Stop loss orders can be horrendous for your trade positions. If you aren’t careful, they can sneak up on you and leave you with a commission loss. If you are going to be trading frequently, one would assume you’d be at a desk that’s capable of monitoring stock values, and quickly assisting you in selling a stock. Good tip on the ICE too! I’ll look into it.

-Sam from MarketMatador.com

By Bo on May 2nd, 2007 at 2:35 pm

Always seem to get your posts a day late after the stock has gone up.
ICE announced today after the close but your post says you left it this morning.
What up, with dat.

Bo

By Brett Goldstein on May 2nd, 2007 at 3:19 pm

Hey Bo, Ice actually announced this morning. Also the time stamp is off because John who runs the website lives in California so the time is set to that time zone.Sorry for the confusion. Sometimes when I post a stock that has gone up, i think its going to go higher. Like the saying goes, what seems to high tends to go higher.

By Derek J on May 2nd, 2007 at 3:43 pm

TSL had a nice 5% bounce off the support today. $$$$$$

By Bo on May 3rd, 2007 at 11:13 am

Thanks for explaining Brett. Looks like your prediction on the 120 was perfect.
Bo

By Anonymous on May 3rd, 2007 at 1:25 pm

Nice call on ICE. I wish had bought more in the past few days. What a run-up!!!

By Bill on May 3rd, 2007 at 3:25 pm

BRETT!!! Another GOLDEN Pick from you! Once again, I followed your lead and made big bucks through this trade. Bought @ $127.50 sold at $134.50.

I think today’s close was pretty strong, I might buy more tomorrow at around 134.70 and wait for the run-up. Any advice before I do so?

I’m seeing ceiling @ $160 ish… Therefore, I plan to hold until then… Please advice.

Bill

By Brett Goldstein on May 3rd, 2007 at 7:10 pm

Well I am very glad that you made some money. The long term chart is telling me that it is on its way back up. It has gone up a few in the last 2 days so it can go either way. Some ppl may take profits and take the stock down a little bit or the strength can bring it higher. It can go either way and If I say anything now it would be just a guess. What I did, (I dont recommend)…I sold half of my shares and went short. If the stock goes down a little bit I will cover my short and go long again. If the stock blows up tomorrow morning I will cover my short and come out even. If you do buy more tomorrow, I would not buy all at once.

By Blain Reinkensmeyer on May 4th, 2007 at 10:29 am

The move past $135 is very bullish, especially with the strong accumulation volume, and now the stock is back above its 50 DMA! Once the 50 starts pulling up again that should help the stock with momentum, ICE will continue to make a good watcher moving forward.

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