Thanks Greg, yes not a big fan of vector vest but had not checked it for awhile and since my BXH position is rather new I did run it. Appreciate knowing it was 23 prior to the earnings surprize, feel I can take the pain to 9, if it breaks that then it is good bye!!!!
When a stock gaps down like this one and then moves further down, and bounces around it is better than 50% that it will form a real support level currently 9 1/2 or so. Usually if the stock starts back up slowly, for example going from 10 1/4 first opening trades on the gap down and then shows strength, it is very often a false support level.
Since no real volume has come into this stock I will obey my rules and hold for my time limit or price limit, price as stated 9, time based on a timing model for dead cat bounces, just kidding time wise probably a little longer, may also cut pain if half by selling some and waiting for more news,
BTW it is very hellpful to have others post because these types of situations require much effort..
Thanks again for the thoughts, td |
