Comments on: HMMM.. I’m Ready for a Good Meal http://thewildinvestor.com/ready-for-a-good-meal/ Ramblings of an Entre-vestor Tue, 16 Mar 2010 05:03:21 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: TheWild1 http://thewildinvestor.com/ready-for-a-good-meal/comment-page-1/#comment-3624 TheWild1 Fri, 28 Mar 2008 17:13:55 +0000 http://thewildinvestor.com/ready-for-a-good-meal/#comment-3624 I am always weary about getting in stocks after already such a huge gain. In the past couple of days or so, it looks like the stock is starting to consolidate, and when you throw in the fact that it is approaching its current 52-week test, it all looks a little bit unsure for me. MT has hit its current resistance of $81 twice now, and, if it falls past the support, it could drop substantially. I would wait it out to see what happens. If it breaks resistance, then see what it does around its 52-week high. If it breaks supports, then I would look at entry points to buy the stock. I am always weary about getting in stocks after already such a huge gain. In the past couple of days or so, it looks like the stock is starting to consolidate, and when you throw in the fact that it is approaching its current 52-week test, it all looks a little bit unsure for me.

MT has hit its current resistance of $81 twice now, and, if it falls past the support, it could drop substantially.

I would wait it out to see what happens. If it breaks resistance, then see what it does around its 52-week high. If it breaks supports, then I would look at entry points to buy the stock.

]]> By: Mark Runta http://thewildinvestor.com/ready-for-a-good-meal/comment-page-1/#comment-3623 Mark Runta Fri, 28 Mar 2008 15:02:42 +0000 http://thewildinvestor.com/ready-for-a-good-meal/#comment-3623 What about Acelor Mittal (MT)? Stock seems to be on fire and I have wondered if a bullish trade may be worth pursuing. Although IV is very high - about 45%. What about Acelor Mittal (MT)? Stock seems to be on fire and I have wondered if a bullish trade may be worth pursuing. Although IV is very high – about 45%.

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