Monday, April 03, 2006

so NWRE, we meet again...

...for the first time, for the last time.

That's right, I'm back in NWRE. I decided I was either going to put in
a limit order at $27.54 or a buy stop at 30.60 (the new buy point). I
had them both set up in izone, but then thought what if they somehow
both bought while I wasn't looking? So I decided to wait till open.
Right out of the gate, it was immediately at 30.50, so I put in an order
for a limit at 30.60. It climbed to 30.66, then my order filled and it
dropped down to 30. We'll see how it does today. Initially, the market
looks good. I'm hoping for a lot of volume since it just touched a new
high. That will put it on the IBD front page and get it more exposure.

The theory is that we're trying to get a stock before it busts through
the buypoint and becomes an IBD rec. In the past, we've looked at what
IBD had highlighted and seen that we were either already above the buy
point + 5%, so the reasoning is that if you can get it at the buypoint,
you'll have greater profits and less risk of getting shaken out.

Also, I just noticed that JOYG is up $2 for the day, now that I'm out of
it. But ASVI is still languishing.

No comments: