This was my best long during this period. I bought a lot of it because the EPS and sales were on FIRE!! and the stock was a Semiconductor stock. For those of you who remember that time frame, Semis were the hottest thing under the sun. Everyone loved Semi stocks and they produced when they worked. So when I saw this pattern, I fell in love with it. By the time the top came around, this beauty produced a 130% gain in a little over two-and-a-half months. I sure pray we get one of these during our bear market that we are clearly in right now. Long-term charts of the buy and sell will be posted to show you how pretty the long term was before the buy.
the buy:
the top:
Big Wave Trading Portfolio Update And Top Current Holdings
The Big Wave Trading Portfolio remains under a BUY signal and currently has zero issues weighing on it presently. On the short-term the market is very extended in price compared to trailing key moving averages. Logic dictates that a natural pullback to some form of support levels (fibonacci, price lows, or a moving average) should [...]