Inside 12631 just now, I went long a 1/2 position in BPFH, a stock I have been posting about for a while now, at $10.21. My stop-loss is below $9.70.
As with all positions that I currently have on now, I am keeping them small until further notice due to the corrective overall nature of the market.
Regarding BFPH, here we have a stock giving me exposure to the outperforming regional financial sectors of late. And as you can see below on the update daily, the potential for a tight base breakout, after a few prior attempts, is still in play. The chart is coiled on all timeframes, as I previously discussed here and here.
I cannot emphasize enough the importance of keeping position sizes modest until the market proves recent lows are good lows, since most stocks tend to move in sympathy with the broad market, however enticing their charts may be.
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