Adding to speculative long: SGIC
SGIC is bouncing off recent support on above average volume. SGIC appears to be coiling here for a breakout above this flag pattern highs. This is my fourth purchase of this stock. The accumulation off the November lows has been excellent with a powerful day in mid Feb. The pullbacks have been on lower volume the whole way up. And BOP has been green to max green since mid-December (minus two days). This chart is very pretty and continues to make a very nice speculative long. But that is all that this stock is. There are no earnings and sales growth is nothing but red, red, and more red. This is not the greatest long, for new investors or emotional investors. Cut your loss, with this purchase, with a close below the 27.88 level, if the stock does not follow-through on this bounce immediately.
