This stock is nothing short of a disappointment and sums up 2008. This has been BY FAR one of the best setups and one of the most correct executions of a new long since the consistency stopped in early 2007. However, after ONLY one month, the move that APPEARED to be the start of a big run-up was actually the top. So to say that the full 50% was gained is far from the reality. I was able to sell 20% around 50% based solely on the discipline of selling stocks as they rise in this market. Most of the gains were realized within the 20% to 30% range anywhere from 5/12 to 7/3. I sold my very last 10 shares with only a 15% gain. Considering I was up almost 55-60% in one month from 4/15 to 5/14 this was a clear disappointment. This is 2008 neatly wrapped up into a simple yet sad package. Luckily there was PDO and a few chemical, oil, metal stocks with high Featured quality stocks in late 2007 and early 2008 that has made the late 2007 and early 2008 “lack-of-HOT-charts” period tolerable.
the first big buy:
the second buy:
the top (sad so soon):
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 [...]