I bought 1/4 more to add to my existing $ISLN long. I now have a full position in the name. I really like the risk/reward profile here, as I have defined my risk as a close and hold below the 20 day moving averages. I am expecting the fact that the 20 day m.a. has finally met up with price to serve as a springboard for the stock’s next move higher.
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All trades are timestamped inside The PPT.
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TOTAL PORTFOLIO
EQUITIES: 34%
- LONG: 34% ($BZ $OVTI $ISLN $RDWR $CMI)
OTHER INSTRUMENTS: 8%
- $TBT
CASH: 58%
nice find chess
nice looking setup, pro!
C&W, just followed you in to ISLN. It lowered a bit more so I wonder what would be a stop loss support now? Thanks.
Hey hubbs,
I am keeping a tight leash on it. Been holding it for a few days now. I really want to see the 20 day m.a hold here, so I am simply using that as my guide to stop out. Below it, I am gone.
Thanks much. In the order set up do you give a price or a sell trigger at below 20 moving average?
Not an automatic stop. Will see how it progresses.
A short lease i understand under the conditions, but boy the 5yr/weekly sure looks interesting.