Ibw29 your a better executor of long term entry points than me.
In my defense, even though, my early afternoon 58 1/16 near term entry point in Avanex, may have been out there, in terms of technical analysis, it gets interesting, when viewed, in terms of, what the motivation, for the trade, was driven by.
The decision to take a position near term, was driven by the strength I witnessed, in the overall buying of technology stocks, especially 21 century technology today.
The strength and breadth of todays buying, gave me the conviction, that this would lead to, follow through buying, in coming trading session. I wanted on that train, even if I didn't find the best seats, at the best price. |
