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Tuesday, February 13, 2007

Missed it...

ECGI was on my watchlist, and I saw the fifth bar unfold. And I passed!

In retrospect it was beautiful; the fifth bar rallies off the 5MA and closes just above the opening range (OR) high. Three bars later you have a 30% gain. Oh well, you win some and you lose some.



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4 comments:

FlyingJ said...

Damn. Sweet.

Charles (in San Fran) said...

I missed that too. Nice chart.

estocastica said...

Wow, that was a nice one. I typically ignore stocks <$5 - maybe it's time to reconsider this constraint.

Jim C said...

PCLN 15min: Entered at completion of 6th bar which closed above OR and had EMA5 support. Did not wait for break of wider range 6th - trying to reduce risk. Moved stop up during 7th bar (again to reduce risk due to wider range 6th). Stopped out during 9th. It had the makings of a solid setup (especially breaking above the round number 50), but did not offer a great LOW RISK, narrow range entry bar.