Buying HGSI

[whodi]

5k shares at 11 Stop loss is 10

[whodi]

looks like HGSI broke out some 5 day sideways action. 5 day chart below.

http://finance.yahoo.com/q/bc?s=HGSI...=on&z=m&q=l&c=

[whodi]

nice intra day high for HGSI 11.31, Resistance will be at 11.50, that will be the breakout on this stock, draw a line from the bottom of the uptrend to its current position and an straight ling going horizontal on the 3 month chart starting in February till today, u will see the 2 lines meet and thats where it should breakout, volume again will be key if and when it passes it.

http://finance.yahoo.com/q/bc?s=HGSI...=on&z=m&q=l&c=

[putt4dough]

Not trying to hijack your thread, but have a question for you. What if a stock is just trending up for the most part, when do you sell?

http://finance.yahoo.com/q/bc?s=T&t=6m

[whodi]

It all depends on what your goal and strategy was going into the stock. Most of my trades are momentum trades. I just ride the wave for what it is and get off when I see technical signs not in my favor. It can always still go up but as long as you stick to your strategy, that is most important or you will burn yourself out and your trading will reflect it. Your chart looks nice, in a great uptrend, I would draw a line from the bottom of the uptrend to the top and once it breaks a clear break down out of the uptrend line, I will dump it. At the same time, depending on how many shares you have, u can always sell a part of your position and keep the rest to see what happens, at least you guarantee yourself profits and lock them in.

http://finance.yahoo.com/q/bc?s=T&t=1y&l=on&z=m&q=l&c=

Looking at the 1 year chart, 35 would be my stoploss and I would start selling, but thats just me. 35 looks like support, so if it breaks support, I am out until it stabilzes again.

[putt4dough]

Thanks whodi!

[whodi]

no problem dude