Sitting Tight...
There is no need to rush in or out of positions. I plan to fully analyze all of my current positions and their support once I see where the market closes. Nothing has changed the primary trend of the market. But once short sellers see a new market high, they like to start shorting top performing stocks. A perfect example of this is DDRX, which took a hit all the way to 28 and rebounded. It is low float and the ignorant short sellers continue to add to their short positions. This will be the fuel that is need to ignite the stock and send it higher.
4 Comments:
DDRX has been one of my better performing positions as I have been long since it was trading at 10 a share back in May.
Still think there is more upside as the stock has not been discovered as fully as GMCR.
Did I curse at HPJ, yet??
I've been watching DDRX for a couple of days now. It's on my buy list.
I'm not enjoying HPJ either. I'm just trying to be as patient and as disciplined as I can on it...just following my rules.
Today's dip to 28 was a decent bp and add on point...
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