Market Watch with Tom Waitt

ANALYZING VOLATILE MARKETS April_17_2009.mp3 Gerdau Ameristeel Corp. - TSE:GNA (click for larger picture) We discussed Gerdau Ameristeel as recently as April 1st/09. The above chart shows how it has fared using a strategy with one entry point and two targeted exit points. GNA is currently trading at 5.70 - a 50% rise from its entry point at 3.80 17 days ago. It is important to have two targeted exit points with each position. An upside sell target and a downside sell target for protection. Given current market volatility, this "trailing stop" is calculated as 20% below it's current price, replacing the original stop at a new recent low. For a list of trading rules which will benefit in this environment please click HERE. If you would like to discuss your investments or have any questions for Tom Waitt, please call at 204-982-0633 or fill in the "Unique Perspective" form on the right of the page.