7th play – back on track?

balance: $2185.42

bought 12,000 shares of RHWC on 2/1/07 @ .122 and sold 12,000 shares on 2/2/07 @ .143 for a profit of $222.05 and a gain of 15.02%

new balance: $2407.47

total gain after 7 plays (%): 140.75%

well, it looks like i may finally be back on track! RHWC was a great one day play, which unfortunately i haven’t really had so far. it hit a bottom and quickly started to show signs of bouncing in intraday charts on feb 1. when it looked to make a bullish close i bought in and it had a great close. the next morning it made a quick run up but seemed to have trouble around .145 and .15. it came down and then went up again but seemed to be struggling in the .145 area. i was nervous after my last two plays (especially GFCI) so i jumped out @ .143 so as not to be too greedy — 15% ain’t bad when you’re only aiming for 10%. interestingly i had my limit in for .142 but it filled @ .143, so thank you MMs for that! even though it didn’t look like it would, it had a nice bullish close, but never really went any further the next day. also interestingly enough, i used the fibonacci indicator to calculate that 38.2% was a little below .16, and that’s precisely where the stock does not seem to be able to make it past — so good job proclivity for pointing that indicator out on GFCI, as it seems to show a similar result for RHWC too!