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Author: WizardPhool Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 62  
Subject: New Buys Date: 12/11/2004 8:53 PM
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Well, let's see. I bought two stocks this week, and then had a heart attack when I saw that ABIX went up 60% on Monday. You just can't win. Move on I guess. So I did. I will say what I bought, and then try to explain why. So here goes:

OPSW: Bought 50 shares in Scottrade at $7.69 on Monday. I bought it because it broke out above the upper (David Elliott) MOBO band and closed above the 200 day MA on a nice open candle (which was last Friday). The next day it started out higher, so I bought. It promptly turned around and headed south. Friday was a good recovery day. Hopefully it goes up. All of the moving average patterns that Elliott talked about were in place. I figured it was going to start it's third wave up. I guess the bears weren't or are not done yet. We'll see.

DISK: Bought 500 shares in the rIRA at $6.23 on the open on Wednesday. I bought this one because it made a nice solid move off of the 50 day MA on Tuesday. Again, I figured this one should be starting a third wave up. Who knows if this Elliott stuff will work or not. I upgraded my TC2000 to TCNet, so that I could join his user group and get 24 hour feedback. I hope it works. We'll see though.

The Wizard
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