The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
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Friday, October 05, 2007
Today's Trades: LULU and RIMM
I bought 400 shares of LULU at $44.80. I like LULU as a developing hot momentum play to be bought on dips.
I bought 300 shares of RIMM at $110.12. Strong accumulation on this trending stock leads me to believe the response to earnings is the start of a new leg higher.
I will be interested in how RIMM works out - this is pure momentum trading at its best so I like to see how it works out since I don't employ the method but I know it works for many.
I will be interested in how RIMM works out - this is pure momentum trading at its best so I like to see how it works out since I don't employ the method but I know it works for many.
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