Thursday, June 4, 2009

Hammy Trade: GLW

Bot @ 15.63


This is more of a fundamental play. GLW has stellar fundamentals and prospects for business with small LCD screens.


Here's a chart, which looks like it could break out of a cup with handle. This wasn't a patiently timed out trade, so I may see some volatility before a breakout.


20090604GLWbuy.png


And here's my box of future movement. As long as the price remains in the box, I hold. If it breaks out, I'll buy more. If it breaks down, I'll sell for about a 12% loss:




20090604GLWbuyBox.png


Update 6/15/09: STill in the box, still holding. FLY just bought more:




GLW20090615review2.png


Update 6/16: Still in the box:




GLW20090616.png


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