Sunday, July 26, 2009
Post 2 Celebrate
I did some things very well this week. I remember the pasta rally in AIPC, seemed to be a great winner in a new bull market but I sat on the sidelines and made no money off of it. The rally seemed to be helped by addition of the company to some index, making lots of volume flow into the stock. I was befuddled at the time. Recently RHT was announced as replacing some issue in the SP 500, gapped open big and has held. I figured itwould go higher, bought a call on 7/20, sold on 7/24 near the high of the day, made a dollar for each five at risk. It might go more but I've lost a lot of money on calls when I did not take the quick profit.
The other trade I executed well was one that just kind of fell in my lap. Maybe not. I've been following GMCR as potential leader for quite a while, have traded in it once pre split, price action scared me out. Alarms went off again on 7/20 as it went higher. I'd just sold REIT HTS thinking that market strength was turning more in favor of strong stocks. I bought into GMCR on what I view as day of breakout and am sitting on a profit now in one account.
Posted by nursebee at 1:07 PM