Run I did; but on the same path as the bull.
I bought back my CCJ as well as half of AMRN I sold this morning.
I also added to my SZYM and bought WPRT.
Oh yeah, I still have my GLOG which I did not touch.
I’m now 52% invested with 48% cash.
But if this bull turn out to be just jumping up from a bad dream; then I will be quick to get the hell out of my position.
Time of day turnaround signal can be gleamed around 02:30 pm EST which is about now. We will soon find out if this bull will get up and run again or the bear will simply continue the destruction it started this morning.
Good Luck to All!
Below is the daily chart for WPRT. Notice the support near the 79 ma. This is a close call and can be considered as a bottom-picking buy (aka catching the falling knife play).
One more thing, if you look carefully at the chart, you may notice a head & shoulder formation which is essentially a bearish signal for WPRT. However, I like to see the neckline as a support first and see if price will bounce from here. If not, I will bail out when price takes out yesterday low in the near future.
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