Monday, November 10, 2014

Opened, RWLK, BOOT

I opened a couple of momo burst candidates:

First RWLK
Entry: $30.73

I'm not crazy about the late fade but it held range consolidation. It could be building a base for a move to $35.  I've made one of my most profitable swing trades in this stock I know what it can do when it goes.  The burst just don't last that long so you have to be in before or right when it goes.  
Stop: 29.60

Boot is another recent IPO.  The subsequent push on an IPO that does not initially fare well can be extremely powerful (and profitable)
Entry 18.08
Stop at the low --17.15 .6R

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