Market Flogging

Trend trading in the stock market

Friday, October 06, 2006

Over the stopouts?

Only HCR from this morning got stopped out today. Weird, a down day for the market and I lose very little after freshening up a bunch of cash the rest of the week.

I bought two positions today. First up was HSP:






This thing has a history of gapping huge all over the place. If it gaps up above the channel, I'll sell it. If it gaps down below the channel, I'll take a bath in toilet water.

Second is CHB:






This is a little guy, but he's been much higher just recently. I seem to be finding plenty of stocks to buy that have had recent troubles.

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