Tuesday, May 20, 2008

The come back

After being whipsawed last friday, I had a feeling that this stock will still go up. I entered the at $6.30 believing that it will go higher. I almost have the same reason for buying this stock as my previous post. It so happen that $6.31 is at the 32% retracement and MACD is about to cross(crossing my fingers). However, last night some bad news came... futures were lower, fears of inflation, and oil at $129. I don't call it bad news news anymore since I think those news are already expected. What's new! Oil will be soaring higher and higher. Anyways, last night my 2% loss got triggered. I guess this shows my system works. If I have waited maybe I'll lose some more. Now, I have to find a new issue. I'll leave CRUS for now or until it shows me some good sign.

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