Thursday, April 3, 2008

Missed this one

I've been watching GHM (a former Zweig screen selection) since the end of 2007. I rode it up for a really nice gain and then got out at near the top. It has been consolidating for the last 3 months and I was waiting for a confirmation (either down or up).

Today it had a breakout with a 25% gain, but I missed it. Oh well, there will be others.

Usually these are really good plays because you watch for a breakout and place a tight stop right below the breakout. You can often make a lot more than you risked with trades like these.

1 comment:

Anonymous said...

I hope you still have NGS today! :-)