Stocks: YGE, PWRD
YGE: I don't want to buy this stock. 60 min. is good but the daily is not in sync and there is no need to add to this group unless there is a perfect chart.
PWRD: EPS seems good but the stock is down 8%. The rule to follow is to sell the stock at 10:00 if it is not recovering and buy it back if it reverses during the day and goes positive. This is a variation on the original theory which deals with a stock that gaps down on EPS. This stock opened higher and has sold off. I will pair the position at 10:00 and again at 10:30. I want to give it a little more room to try and understand the trading. The stock has held at key support so lets see...
Monday, May 19, 2008
Time 9:54
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