AIRT comments up.63 after. hours will it gap at open Monday?

cmant1 · Joined: 22 Jan 2005 Posts: 17

Came right off a morning star?

I feel this will gap up on Monday to the 18.50 area. Then try to move to the 50 day 20.15
Thanks

tab321 · Joined: 22 Jan 2005 Posts: 368 Location: Texas

Cmant1:

This one should make a run for the 50 Day MA pretty fast. I cannot believe it made this big move on Friday. I looked at it Thursday and figured it would make a move soon. I am a day late and dollar short on this one. I have watched it off and on since Jan 1st.

It should be a good play.

TAB

abbo · Joined: 12 Sep 2004 Posts: 148 Location: australia

Good one cmant1.
I think this should have been a buy before the close on friday. If it does gap significantly I am less sure about the entry then. I know candle1 usually says just do it however the general market is still deciding and has been in down mode
I think a close below the half way mark of fridays trade should be an exit point to start with.

sailorboy · Joined: 30 Jan 2005 Posts: 30 Location: Malta

Hi cmant1,

I also missed the AIRT move last Friday was busy watching my other stocks and had AIRT on another watchlist. On the face of it it does look good but... I dont want to seem a pessimist but I have some comments to make. The strong close, the position of stochastic and the MACD all look good and indicate further strength but (not a candlesticck signal my short term RSI is indicating a pullback.) I am also looking at taking a position on Monday but this depends on the outcome of the Iraqi Election (I really don't see what bearing this has but the general opinion seem to think so) and the market direction. If I do get in I will be watching it like a hawk for a gap up and a pull back below the open. In this case I will be out and put AIRT on my watchlist. The right one this time.

Sailorboy