Thursday, April 12, 2007

Trade Update: Sold SII @ $50.41

Here are my 1st and 2nd buy points for this trade.


moc said...


I'm curious about why you elected to sell SII today. The daily chart still looks very good, at least to me, and it's at a new high (you, Darvas and O'Neil love new highs). The only thing that I can see is that the volume for the day ended as slightly anemic, but I don't see anything on the early morning intraday chart (when you sold) that amounts to waving the sell flag.

Can we be told?

-Mike O'Connor

mc said...


My SII position was up about 20% already and base on my experience, this kind of move is due for a sudden pullback/correction so the risk is getting higher for the potential rewards. Also I needed to put more capital to work on DRQ, FTI and possible some more on GOOG.


moc said...

Thanks very much for the prompt and complete response, and for the rest of your blog.

-Mike O'Connor