The 52 Week Experiment

just another investing blog

Breaking a Rule- and it may cost me- or not

Posted by orangequant on February 1, 2007

I’m in another trade. in getting in i may have broken one of my cardinal rules: i never chase a stock. this one ran very strongly wednesday, then pulled back and i jumped in looking for a bounce. the bounce did not come wednesday and i’m looking for it thursday. not only was volume huge, but the size of buys right thru EOD was phenomenal. maybe i’m just whistling past the graveyard, but i noticed that in afterhours trading the b/a and spread stayed the same as during normal hours, instead of the usual lowering of bid and widening of spread. i also am holding overnight, which i don’t like doing. we’ll just have to see how it goes. stay tuned.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <pre> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>