Thursday, April 27, 2006

DW out

DW got stopped out at 4% and it continued to fall another $1.50 from
there. It seems to have found support at the 50dma, though, so I will
watch it and see if it breaks out from there. It is still highly ranked
on the guru list.

Also out is JOYG. Man. This thing sank %10 today, from 70 down to 63.
My stop kicked in at $67, down 8% from my buy. I had 4% on DW, but
thought JOYG was strong, so I left it with 8%.

My new test buy is IFO. Got in it Wednesday. I think I will stick with
the 4% stop, as I'm not sure what kind of market this is.

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