Disappointment
Things started out very nicely, but I ended up giving back .65%. There seems to be a lot of uneasiness out there and there are a lot of smart people who think we're headed for another downturn. I'm not smart and I think we're headed higher so we'll see who wins in the end.
Nick at Ambitions as a Trader, thinks GHM is a good shorting candidate. You can read his comments here.
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2 comments:
Scott,
I have to stress the fact that GHM is a good short-term, short-sale candidate. The stock is simply too extended and should come down to work on its base. Once it properly forms a base, I would love to go long GHM. Of course, I could be wrong, but the technicals point to some downside before the stock moves significantly higher.
Looks like I was wrong about GHM. Instead of showing weakness, it continues to head higher. I am very impressed with its strength.
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