(This is not Turtle Trader or Trend Following blog. All stock and strategy mentioned in this blog do not represent buy or sell. This is my digital diary to express my thoughts and opinions about the world of investing. Ultimately, you will be responsible for your own decision. Please consult your investment adviser before taking any investment position).
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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