Monday, November 15, 2010


Just took a small starting position in GTE. The stock has been consolidating for over a month now and today finally made a move above 7.95, the top of the consolidation range. I like the volume so far today and took a starting position at 7.94. I am looking for at least a close over 7.95, though a close over 8 would be ideal.

Take care and good luck!

Update: Got stopped out of it for little over 1% loss. It made a move till 8.09 and I should have moved my stop to breakeven but I guess I had just fallen in love with the volume. Still on the watchlist due to the impressive volume.

1 comment:

Bill said...

probably a wise to close that position, it looks like its headed to 7.50