Hello again! There I go breaking one of my rules. Sorry. But when I saw Giant Industries (GI) on the run again today, I decided to jump in. I WILL wait for a sail on a gain for my next purchase. And I WILL stay at 25 positions MAX....maybe I should write that on the board 100 TIMES!...anyway, picked up 300 of GI at $21.69 earlier this morning...a few minutes ago. At this very moment, GI is trading at $22.36, up $2.76 or 14.08% on the day....so it looks ok for the moment. Unfortunately, a lot (see the previous posts) of these stocks that spike retrace the move on the downside....and with an 8% loss limit...well you KNOW what happens!
Thanks again for stopping by! If you have any questions, comments, or words of encouragement, please feel free to email me at bobsadviceforstocks@lycos.com
Bob