ELN
Steven,
Congrats. You hooked a cat that should give you a nice ride.
There are two exit strategies, mine and Doug's. His is any break in the uptrend. Mine is "V+1," and it's been dependable. V = Volume (which is what you bought on), and basically you hold and watch until a day in which volume substantially exceeds any of the previous three days (which can include the signal day), then sell early the following morning (that's the +1). Generally, that high-volume day (V) will see a spike in price; that spike will alert the momentum boys, who'll pounce on it next morning, during which you can make another 5% or so. Then pick a top and get out; generally, you can optimize somewhere between 9:45 and 10 am.
Or, you can hold on, though at that point, you're not playing a "cat" anymore but a momentum stock. I don't know nothing about nothing, but I do know they're very different animals. The cat bounce ends with V; whether that proves to be the first of many "M tops" (and that's often the case) is something I've never seen any way of predicting.
Good luck and again,congrats. I haven't had a catride since WM and that was in January.
Ivan |
