Man, big movement today by two of my newer holdings: IFO and DIL.
IFO looked to be on the move last night. It was up yesterday on good volume and then had huge after-hours movement. Today it broke out on HUGE volume and was up 18%. It very well could be on the way back up to the $20s again.
DIL had a really strong day and rose 10% again. Made a new high again on bigger volume than yesterday and is now up 30% for me. The beautiful part is that I bought more last Friday when it was up 6% from my buypoint.
I locked in half of my stake in both of these today at 25% with limit sell orders. I was very tempted to let both of them ride, but I decided that I would stick to my new rule for a while. If it turns out later that it looks like it needs tweaking, I'll consider that later.
I also scaled out of half of my CTRN holdings on Friday at 56.89 (25%). Plowed that money into buying more DIL and picking up 1 key of FNSR.
ERS had a climax run last week, followed by 3 days of HUGE volume down days. It attempted a rebound today. I am glad I did not try to stay in that stock. Like they say, you will never time the top perfectly.
Current holdings up over 20%: CTRN, AP, IFO, DIL
Wednesday, May 10, 2006
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