RE: Beginners Questions
Tryst, it looks like that you have got in at a good time. And if I am not mistaken that's a Pocket Pivot Point at your entry.
If this were my position I would be looking to get back in at 380 when the current recent high is breached.
Mind you, I am only saying this because I am still struggling with Weinstein's methods of entry and my better performing stocks at the moment are based on ideas in the books which you recommended me (Morales & Kacher), which run along the same theme.
But in this instance I see a recent high that the price has dropped behind and I would wait until it was breached. I have never personally had any success with buying on pullback and in most of my cases they end up as Buying On Forthcoming Meltdown.
Good question and one that I like as it has my brain juices flowing.
- Malc
Nessa: "Why?"