Tuesday, December 05, 2006

maybe I'm learning

I did not sell any MIKR after the big downday it had on 11/21. I had
planned to sell all my remaining shares, but Josh and MktSpec over on IP
made some good points and convinced me I was just trading scared, so I
held it and waited. It never did close below the 50dma and had lots of
support in the form of hanging tails.

Today, it came roaring back: up 16.5% and 200% volume. Hopefully this
means I am actually learning something from the experience around there.
I am happy that I made the right trade (or lack thereof).

Also, I looked back at the chart for ULTI, which I dumped at around the
same time as this MIKR panic hit me, and it went on to close below the
50dma, so I would have closed it out a slightly bigger loss.

AOB is approaching a 40% gain for me. I think I might sell 1/2 my
remaining 1/2 if it hits that mark.

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