Monday, July 23, 2007

Trade: HDNG

I bought 500 shares of HDNG at $38.25. It's a low float stock that showed up on my "trend pullback scan" last week, which placed it at the top of my primary watchlist. The stock printed a tail at support on Friday with a strong close, so I placed a mental buy stop today above the close. My stop will be placed at around $37, with an intial target at $40. I will likely take partial profits at the initial target and let the rest ride in hopes of a breakout to new highs, with a new stop at the purchase price..

5 comments:

Anonymous said...

so far 3 out of four trades have stoped you out tough week.

Anonymous said...

sorry you now have 4 out of 4 stop outs. This is the kind of day were you hate investing in this crazy market. My theory to your stop outs is the market has set up a wild swing in both directions and is moving in an incorrect manner cuasing many false signals. the only stock that you entered correctly was cmg the other were false signals becuase of the way they opened.

Anonymous said...

what no update after such a great loss??.

JJ2000426 said...

SWC down another 8.25% today. In the past three days it dropped a total of 20%. SWC is the only palladium and platinum producer in the US. Palladium and platinum are very important precious metals that see price trippled in the past three years. This is a stock with extremely bullish fundamentals and this may well be the CAPITULATION event where you get an excellent entry point. See my analysis of the SWC fundamentals.

The Market Speculator said...

yeah guys, this is the worst week I've experienced in quite some time, maybe ever.