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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

PBR: Update

RaginCajun Tue Feb 12, 2008 9:32am EST 2 Comments

I am out of my [[PBR]] position (sold @ 117.20), and will re-enter if it trades above $118.

If it does trade above $118, you will see the definition of a MadStock.

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2 comments

  1. buylo
    buylo
    February 12, 2008 at 11:36 am

    Ragin: jus wondering what made you decide to get out of PBR after$2 rise? did u figure a quick $2 was good enough, did you run into some trend line or other TA indicator? was the chart acting a funny way? I’m just wondering how someone as experienced as you makes the decision? ok, the bump has given me money and I’ll take it here for a quick profit. thanks yr reply. (I tend to stay in too long or get out too quick, thus the question)

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  2. RaginCajun
    RaginCajun
    February 12, 2008 at 12:43 pm

    Big resistance line around $118

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