Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (2119)	2/3/2005 10:56:29 PM
From: Bob V	Read Replies (1) of 13449

Dabum. Does the amount of time you have to hold a position have any bearing on your keeping a position. If a stock doesn’t do what you expect how long do you keep it before dumping it and putting the money elsewhere. I’m looking at PETM that you have kept for 9 days now. I’m curious as to why you are keeping it? I realize you have moved your stop to break-even, but what is the risk of an after hours announcement or upgrade that could cause the stock to gap up. Technically, the way I read it anyway, there was a bullish candle on Tuesday and the last 3 days have had higher lows. MACD rising; Stochastics oversold; trading quite a way from the 20MA. It’s bounced off $30.00 twice and has a gap to fill. Not knocking your trading or trying to give you a hard time. I’m very impressed with your discipline and your trading results. This trade seems out of character. stockcharts.com[p,a]dcclyyay[db][pb22!b50!f][vc60][iut!Lah12,26,9!Lh14,3]&pref=G

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