In at 44, rode it down to 38, up to 54 (twice), down to 45-49 area.
Lost my patience, got out at 46 and 48.
The day after I got out completely, PacNet ran to 58 and hasn't taken a real pause until now. (Well, there was the dip to 51 that I passed on.) Imagine what it was like for me to take short naps on consecutive days during market hours only to wake up and see PacNet up around 10 points each time!
(I'm in Hawaii and get up at 3 am each day, so the naps come and go at times.)
Got back in yesterday at 79, though I simply should have had the conviction to get in at the low (67 1/2) because I knew the CPQ effect was not going to be lasting.
As I said to Carolyn, I am not leaving the Princess' palace grounds for at least a year. Or two. Or five.
PacNet holding 94 pretty darn well for now. If it holds for the rest of the day, I'd take it as a bullish sign, i.e. daytraders and short-term traders turning long.
If it doesn't hold, fine. I'm ready to pounce on for more shares down to 88, where I think it will likely hold extremely well. |
