LLTC-breaking out today

[whodi]

Just curious if any followed the trading I posted in this stock. I am still holding 5k shares at 37.90 from yesterday. Stock is running today like a fish on the line. Another new 52 week high today. Love the volume behind it has well. It was down graded 2 days ago from a buy to hold and still held up and yesterday Bear Stearns Initiated coverage on the stock. May see some resistance around 39-40 range.

[whodi]

sold off half of my shares of LLTC just now I had 5k shares at 37.90, sold 2500 shares at 38.66. Made 76 cents, locked up 1900 dollars profit and will let the other 2500 ride for now. Great trading day, congrats to any that followed the trade

[Scottydoesntknow]

hey bro, been following your posts the last few days...im pretty intrueged...i am trying to get a little grip on the stock game, as i think i can be pretty good at it. couple of questions for u....how high do u think this stock can go??? and why would it go up? and what makes you know or think that its going to? Also please please please respond to my post about Haier electronics...seems like a low key company that is expanding on national tv before our eyes, and they are an official sponser of the NBA too. There volume is only 1,000 but they went up 10% yesterday...what can we make of this...help me out.

[whodi]

I never predict how high a stock can actually go, most of my research comes from technical analysis from there charts. Charts tell you everything you need to know about the stock. If a stock is going sideways meaning staying in a certain range for a period of time and breaks down under the range, good chance I short the stock because it broke support, also have to see what the sector of the stock is doing that day, the Naz ect.. vice versa, if sideways action on a stock and then it breaks out of the sideways action to the up side, you should expect a little run to the up side because it broke resistance, you also want to watch volume. Give me a little bit to look into your stock your are asking about and I will get back to you on that. IF i were you, buy some books about candle sticks, technical analysis, and chart reading. I would read these type of books before you start trading. You want to know whats going on instead of guessing. I never try and pick a bottom if a stock is getting killed or pick a top if a stock is blowing up. I wait to read the charts to see what they are showing me. My friend owned a trading firm for a few years, I just studyed everything he did and read a lot before I actually traded. Best way to learn my friend. READ READ and READ some more.