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Holding: YTEC
TimothySykes [83874] 
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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| YTEC | Computer Services | 2.62% | n/a | 5 | 11-Feb-08 | Prior Holding |
11-Feb-08
Why Buying Breakouts Is Never As Easy As It Seems
Holding Rationale for YTEC.
TIM $15,138, Up $137, Learn From This Well Executed Trade
Check out my take on financial stocks in my latest AOL Article
As I stress in my badass surprisingly well-received 6-hour instructional DVD cum 220-page instruction manual and autographed book package (what is this word self promotion?), I only to want buy stocks breaking out. Now this is a very general term, so thankfully my trade today on teenage stock (YTEC) trade exemplifies EXACTLY what I mean—when I bought my 300 shares late morning at $18.28, it was an intraday, 3-day, 5-day, a 5-month breakout (over October’s highs) and aside from one brief spike last Friday, represents a new all-time high. So you have breakouts on several time frames—which are sure to pop up on a ton of traders’ technical screens—and some nice trading volume that made all that goodness happen. I was immediately proven right as for the first 10 minutes of the trade; I was up between 10-25 cents/share with even more trading volume. When somebody asked me why I bought at such a strange price (especially late morning—usually never!), I posted this comment:
Tagged Stocks: YTEC
Posted at 22:03 in Holding Rationales | Permalink | Top
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