Monday, April 26, 2010

Why am I not selling out White Horse yet?

When I see a stock that I bought at lower price going through a nice chart like this, completing a cup and handle, then going through a consolidation. Then followed by another mini parabolic with improving volume, I will continue to hang on to the stock until I see some level of exhaution before I take profit. If it can clear convicingly over $1.71, then I will continue to ride on the trend and observe whether it can clear $ 2.34, about 10X PE.

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