I did not load up on DRS but it sure was hot at the time and I had no problem making it a larger long since there were not many to begin with that looked like this. Around this time, I was more focused on getting long ATVI, THQI, and TTWO (tomorrow) than getting long DRS. But the chart was hot and it was obviously a strong stock in a very weak market. By the time the very long uptrend (long considering the 9/11 attacks did not crush this stock) was over, the stock put in a 154% gain in six months. Not bad at all!!
the buy:
the top:
Russell 2000 Escapes with Gains as the Market Finishes well off its Lows of the Session
It all began in Japan where the Nikkei hit an all-time high only to end its day lower down by more than 7%. Selling swept the globe where Europe was hit hard, but it was the United States market to see some resiliency. A better than expected Jobless Claims figure did help the mood, but [...]