the 10-week moving average, two chances to add shares; and 3) it represents part of the current sector leadership. That said, keep in mind that with 3X leverage, risk control is always paramount. Just my personal thoughts — Hat Man D
A+; *Primecap Oddessy Aggr Grwth; *MS INST DISCV 2% A+, *Contra; *Fid Gro; *Blackrock Tech A+; *Oakmark Global E; – OAKMARK BOUGHT HIGH PE STOCK – I looked for precedents where stocks Broke out Big then Pulled Back Ugly. I found that the
Pivot of the PRIOR BASE was the level to potentially get back in. PINS has done that
seemed to give way. The concern now is whether that 10-week line is acting as resistance.
several times recently. This morning it happened with CLF – bought at 19.50; set Stop at 18. This morning is dropped briefly to just under 18 & we got stopped out. Since then it has risen, up to 18.50 now. Arghh !!!
it in buy range here.
ready and watch lists.
and wish you the best in your journeys.