Saturday, November 8, 2014

Opened PLNR

So after buying at 5.47 on Thursday and getting shook out --- and missing a large profit on an EP type move.  I re-enter PLNR at 6.44. The funny thing is that I have more conviction buying as PLNR gave a valid Fishhook Entry signal as it took out Thursday's close after the initial sell off attempt failed.

I've found that stocks that exhibit this type of trading action products some of the most powerful moves in the ensuing days when the initial move comes on volume.  

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