technical update, page-119

Sold out today.

From a trading point of view today was a FIZZER.As I am solely trading this stock I rely on TECHNICAL ANALYSIS for my buy/sell signals.

OK....Now before some of you FUNDALMENTAL folks get too annoyed,think about this.ADO is solely a trading stock for me.I have some capital I trade with, and some I have invested in other companies,SMN being a good example.Like all of those invested in ADO,I have only a certain amount of capital to invest in GOLDEN OPPORTUNITIES.I could jump up and down and complain as to why all the ADO holders are not investing my companies,but I don't, as I realise all of us have only so much to invest, and we all can't invest in every opportunity,and even if we could,it would be against the rules of staying focused and selecting the best candidate for our money.

So ADO is a trading stock for me.

Back to the TECHNICALS.

My view was that of martis.I had expected a REBOUND trade from the .24/.245c support level to either take the stock back up to the .29/30 level (to become a short term 'double top') for a 20% gain or to continue for even greater gains.

Which one?, I couldn't tell you, as I am using TECHNICAL ANALYSIS....not a crystal ball.

So I entered the trade,some at .245c and some at .25c,with a stop-loss at .21c,expecting .22c to hold.

So if my stop was at .21c....why did I sell today?

Well,the answer is,is because the trade DID NOT go as I expected.For the rebound trade to occur,I was expecting it to happen with-in 2/3 days.My idea was to let the stock run to .28c,move my stop-loss up to .275c for a guarenteed 10% gain and see what happens from there.As I said I don't have a crystal ball.And that is one thing that many here don't appear to realise, and that is with TECHNICAL ANALYSIS it changes with the development of the trade.Yesterdays analysis is,well,yesterdays.

Anyway,I sold today at .255c for a small and grateful profit as my view now is that the stock will stay range bound until the next move up (or down),like it did from December onwards and as some here have mentioned.

Anyway,I will keep watching and by tomorrow I may have a different view.

Good luck to all holders.