This was a great long for me during this time as it was an IPO with a beautiful pattern. Sadly, I did not load up on the initial purchase. It was the second purchase that was the large buy. But as MY luck would have it, it closed below the 50 DMA about a month later forcing me to sell half. So this was not a huge position by the time the top came around, but, I can still gladly say that I made a good amount of money on this purchase, during a time when the market fell 25%. SLXP produced a 126% gain in five months.
the buy:
the second buy:
the top:
Turnaround Tuesday lives up to its name as the Dow leads the Market higher
Void of economic releases the market did get showered with more than $3 billion in asset purchases from the Federal Reserve. A hiccup in the morning was quickly support as the Federal Reserve Open Market Operations flooded the market with fresh new cash. Over Europe the DAX closed in the green for the 11th straight [...]