daveg, thats what most of em say about us red hearts! LOL
well been reflecting on my trading style a lot lately
for most part of last 3 years, I am so used to ins & outs, daytrading & ST trading with maximum hold of 4 weeks
but after selling CAJ for pips at 5c,
daytraded 7 ticks on NEU at 4c, (I saw the super bully downtrend break on volume back in May, know odds are good it will do a hard run from 4c, I still daytraded all of my position out high4s)
NEA I suspected a long hard trendy rise in the 10s, but never had the guts to take a full on position
& a few more......
then I decided it's time that I grow some balls to at least pick one stock that I think has a high chance of going for a multi-month long hard trendy run, backed up by both fa ta
& just stick up for that call! & back the trend!
I think HAZ fits the bill perfectly. good liquidity, FA near turn around story, ta monthly chart shaping up, top 20 crammed with smarts, management who admitted they stuffed up but decided to bite the bullet & try their best to deliver on the turn around,
risks remain still of course, whether subsequent campaign runs can go smoothly, but early indications are good.
see how I go, wont change my trading style 180 degrees flip, but thought it's about time I add some mix to it with a portion of portfolio intended for longer term holds.
re your question, I reckon when uptrend breaks, thats when the mass exiting happens.
HAZ Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held