Wednesday, April 04, 2007

Trade Update: Long GROW @ $30.40 -2nd buy

After my initial buy, I waited for this stock to signal another buy point. It came yesterday after it broke out of a FLAG price congestion.

3 comments:

Anonymous said...

you still in?
it looks pretty ominous - shooting star candlestick and all.

MC said...

Babak,

I sold it yesterday at $33.75

MC said...

glenn,

I was trailing it intra-day last week when it was about to approach the resistance area at $35 because for GROW is notorious for steep pullback and I did really want to give up most of the gains after a big run-up. I used the OPENING RANGE HIGH as a stop point.

I did study Darvas and Livermore for a long time so most of my trades probably resembles their styles.

Your site has been inpirational also. I do want to visit your live trading room one of these days if my sched permits.