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Trading my two cents

Zenhunter
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

GMCR- a gift in disguise?

Zenhunter Mon May 7, 2012 9:55am EST 2 Comments

Today morning action is a pleasantly nice surprise.  Instead of an expected avalanche, we have a nice “screw you bear we’re going up!” reaction.

My top pick: GMCR

Why?

It has a close pivot low from Friday for a stop that commensurate with the risk I’m willing to take.  In other words, the risk/reward is FANTASTIC!

Good Hunting!

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2 comments

  1. The Fly
    The Fly
    May 7, 2012 at 9:56 am

    lol

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  2. zenhunter
    zenhunter
    May 7, 2012 at 12:36 pm

    Stop out! Look like there are more sellers trying to get out.

    I’m moving on.

    May come back to go long if Thursday high is taken out.

    Good Hunting!

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