I’ve been wanting to get into GIGM for awhile now. It was on my September list of buys.

I also bought some ID and some ALKS November 20 call options for .75. I got into ALKS because I think the chart pattern on the daily, weekly, and monthly charts look good. Notice the pattern on this daily chart?

I wouldn’t have bought ALKS if the weekly and monthly charts didn’t look good as well. I’m not traditionally a cup and handle buyer, but if other “things” line up with bullish chart patterns than I act.

If you like this post, check these out too

• December 3, 2007 -- Sold ATVI Calls Took 85% Gain
• November 30, 2007 -- Sold SPLS Call Options
• November 15, 2007 -- Jumped The Gun This Morning
• November 15, 2007 -- Bought The Weakness IWM Calls 1 Day To Go

Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .