Wednesday, March 21, 2007

IRF trade...

As I said, I am not giving up on my method. I am finding candidates, following my rules, and pulling the trigger. I found IRF today and the stock is performing decently. Had I been able to trade at any time, I would've taken some profits today, seeing the post-FOMC pop. Tomorrow may be interesting.

My notes:
As for a watch list, the following stocks have very nice charts: VOL s, CSL s, and TRB s. The only thing I don't like is that all the stocks are up >1%, but given that is the market overall, I'll take it. Just means my risk:reward is slightly diminished. Actually, TRB may be off the list as it reported poor monthly (?) numbers after the bell. I'll re-evaluate in the morning.

For now,
Masterjaz out

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