Tuesday, May 12, 2009

Hammy Trade: FSIN



FSIN breakout 51209.png


Need to research this position a little more.


UPDATE: out at 7.07


FSIN-Stoppedout51309.jpg


I put down an arbitrary stop before leaving the house, and behold- it stopped out at a low open then jumped back up.


I would like to get back into this stock, as it's set to run up, but I'm tired of chasing stocks right now. It feels like I'm chasing my own tail.


No.. some money is going to sit on the sidelines for now. I'm going to cool the jets for the time being.


Update: FSIN about a week later:




FSIN triangle.png


The lesson learned on triangle breakouts is to allow them to move back down to their previous uptrend. Don't get jerked around by volatility. If need be, scale back a little bit.


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