Friday, August 22, 2014

Opened EJ

This one has been a favorite of mine. It's currently trading for less than the value of its LEJU holdings 75% of LEJU.  Anyway, LEJU takes off and EJ was in a consolidation range, which if I were artistically inclined I may call a cup and a handle. -- A little looser than I would prefer but nonetheless, I felt it merited a position.

In 11.98 stop @ 11.20.  1.5R.   A bit higher than I normally would risk but I feel that the odds are aligned as LEJU has just exploded:

It's  not very often you get a chance to buy a good technical set up for a company that is trading significantly below the cash value of its assets:

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