Comments on: Sold "Short" Brookfield Asset Management (BAM-a.TO or BAM:US) http://www.tradeforgain.com/trades/sold-short-brookfield-asset-management-bam-ato-or-bamus/ let's discuss important aspects of trading such as discipline, money management, psychology, setups, etc. Thu, 21 Aug 2008 02:45:48 +0000 http://wordpress.org/?v=2.6 By: Sharp2Be http://www.tradeforgain.com/trades/sold-short-brookfield-asset-management-bam-ato-or-bamus/#comment-11202 Sharp2Be Fri, 16 May 2008 20:49:03 +0000 http://www.tradeforgain.com/trades/sold-short-brookfield-asset-management-bam-ato-or-bamus/#comment-11202 Peter, I apologize for the missing post on BAM, please see my last weekly trading summary. I've been having problems with WP and WLW since the latest upgrade, not fun... I think you've done the right thing on BAM, the stock is overbought it will likely consolidate over the next little while... it should offer a good entry once it's back inside the bands. See here: http://www.tradeforgain.com/trades/trading-summary-for-the-week-of-05162008/ Peter, I apologize for the missing post on BAM, please see my last weekly trading summary. I’ve been having problems with WP and WLW since the latest upgrade, not fun…

I think you’ve done the right thing on BAM, the stock is overbought it will likely consolidate over the next little while… it should offer a good entry once it’s back inside the bands. See here:
http://www.tradeforgain.com/trades/trading-summary-for-the-week-of-05162008/

]]> By: peter http://www.tradeforgain.com/trades/sold-short-brookfield-asset-management-bam-ato-or-bamus/#comment-11201 peter Fri, 16 May 2008 17:05:59 +0000 http://www.tradeforgain.com/trades/sold-short-brookfield-asset-management-bam-ato-or-bamus/#comment-11201 Hi there, I took the long entry on BAM back after the recommendation, waited for a bit more conformation, but got in at a good price. I set a trailing stop loss around $34 whne it hit $35, so I'm still in it. The key formation at this price level imo is bullish looking. Note also its intraday spike up to $36.70 in my market maker data (maybe someone read your short stop price to trigger it)! jokes. As a bit of a higher risk trade and ignoring your now short sell recommendation i've pyramided my quantity, and set a close stop at 35.64 , to lock in profits on the original long, and if there is further upside aim for a big gain. (only rsiking 20c on the pyramid entry so the quantity is much larger). Have you any more thoughts on this stock chart? I havent seen your close out comment on it, unless I missed it. Best regards Pete (often long gold and shorting the USD). Hi there,
I took the long entry on BAM back after the recommendation, waited for a bit more conformation, but got in at a good price. I set a trailing stop loss around $34 whne it hit $35, so I’m still in it.

The key formation at this price level imo is bullish looking. Note also its intraday spike up to $36.70 in my market maker data (maybe someone read your short stop price to trigger it)! jokes.

As a bit of a higher risk trade and ignoring your now short sell recommendation i’ve pyramided my quantity, and set a close stop at 35.64 , to lock in profits on the original long, and if there is further upside aim for a big gain. (only rsiking 20c on the pyramid entry so the quantity is much larger).

Have you any more thoughts on this stock chart? I havent seen your close out comment on it, unless I missed it.

Best regards
Pete (often long gold and shorting the USD).

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