Wednesday, October 5, 2011

Partial Sell of JRCC @ $7.38


If the bull flag / pennant breaks, I've still got my original entry to ride.

What concerns me at this point is that the SMA has moved up to around $7.10, which means that a breakdown is as likely as a break to the upside.

If a breakdown occurs, I might buy a dip below $7.00.

P.S. Profit on this lot = $1.30 per share, or +21.38% gross... too bad I missed the daily high...





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