[gbarbs]

i wish i could say i got into RENN on the breakout but not so. I think i intially noticed the chart when scanning top 10 market movers. i'll run through those typically to find breakouts and then watch for pullbacks (always check the sector/group though). recently, i have stayed away from some good looking charts because stops were too far away (which happens when you miss the breakout). then they just keep going higher and higher. so, i decided to just buy a little so that if the stock price does drop back a large %, its still a small % against my portfolio. and at that point can add a normal size position at a safer level. if it does continue rising, then i get to take part and rewarded for finding it.
weinstein i think made reference to this in one of the interviews posted on this site? about getting in and out in increments rather than all at once. this makes a lot of sense to me. on the sell side i have split up stops between trendlines and swing lows, which is one method he recommends in the book. on the buy side i find it difficult to catch breakouts on the breakout. if i have 20 on my watchlist for example i don't have 20 buy stop orders sitting in place.
so i am trying to stay patient for the safest entries on majority of purchases but allowing some for the best looking charts even if they are far from support.

having said that, i am into RENN at 3.95.

noticed DGIT up a large amount today. looks like this broke out last week - missed that one