Okay, so my adding on to my MTOX position didn't work well today as MTOX corrected 10% after 1pm. Not sure what's up with that. Still, IBD says this stock should be held the full 8 weeks. However, IBD also says that MTOX brokeout from the $14 range, which would mean my buy was already extended and possibly I bought in the middle of that 8 week runup?
Tomorrow I am going to try to buy TU. It has formed a perfect 6mo cup and handle formation and has good fundamentals.
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This is a journal of my trials of learning to invest using the Investors Business Daily system. I mostly do swing trading, longs, with an R of 1% of my portfolio. Disclaimer: The information presented on this blog is not intended as investment advice. I am not an investment adviser. You should perform your own due diligence. Don't listen to anything I say.
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- brd
- Ft. Worth, Texas, United States
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