Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2

I am not a trader and would like to hang on to this one for the longer run, but the excitement in the share price moves has me thinking that maybe I should try and trade at least of portion of my holding and see how I do.

Seven days up in a row, may have a rest soon which could present a nice buying op.

If your already holding then the $4.30 former res gives you a nice support or comfort zone.

If your on the sidelines I'd watch it very closely & hope to buy the correction or if $5.55 is broken(today) then I'd buy it with a trailing stop.This rally (from $3.00)has had 7 days up in a row, so in the shorter term that the trader has to work in this rally is getting tired. The intermeddiate & longer term look good.

I think you need to have the trade planned.

I suggest that if you trade this stock watch the volume as a guide to what this stock is going to do direction wise.

JR
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.