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

Yelp! I finally bought me some YELP

With AAPL in bed with YELP (or is it the other way around?); there have to be something to it.

I also like the fact that there is a bullish engulfment bar (as of now and based on my version which rely only on solid bar and ignoring the candlestick tails).  The chart is showing resiliency since it bottomed out on 6/4.

In a way, this is a thinly traded stock with ridiculously spread, I’m putting a generous stop loss (below 38% retracement from recent high to 6/4 low) to give it room to fluctuate.

My position size is relatively small compared to what I usually traded with; so I’m not going to sweat over this if it takes out my stop.  Nevertheless, I may add if momentum continues upward per The Fly’s precognition… (grin).

Good Hunting!



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  1. Drewdog12380

    It seems you like the “bullish engulfing” candle. Check out the one on $OCZ today!

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    • zenhunter

      Very close and very tempting. Unfortunately, I’ve read too many bad experience with OCZ product (SSD drive) when I’m trying to shop for SSD drives for my computers and laptops.

      Will keep any eye and thanks for the info.


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