iBankCoin
Joined Nov 11, 2007
1,458 Blog Posts

Power Dip System Update

On today’s open the system purchased HMSY.

I bought it in my personal account and was filled with no slippage at the listed open. I have placed a 10% stop.

The system is now long three stocks:

AMAG -0.32% (This one will be sold on tomorrow’s open. It still looks very pretty, but I must stick with the system).

HANS -3.51% (No sell signal yet, but today’s bounce off the 50 day was sexy).

HMSY +2.49%

With a little luck, AMAG will gap up tomorrow, and I’ll exit near breakeven. HANS will follow through on today’s momo, and I’ll exit it close to breakeven in the near future, and HMSY will continue bouncing, and I’ll exit it with solid gains. I have found that these dip-buying plays will roar back with strength, when least expected.

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2 comments

  1. Ring

    did u bought them based on Chart pattern????..bit confused

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  2. Woodshedder

    Yes, its a pullback setup. Look in my categories section for power dip. That should help.

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