Monday, October 8, 2007

Letting your Winners Run

Not making a trade is sometimes the best move. It takes discipline - something I always need more of. Watching GRMN run this morning is killing me. I should be happy, but my instinct is to sell into this strength and my finger keeps wanting to pull the trigger and take some profits. My head, however, says that GRMN will close that gap and I shouldn't even think about profit taking until at least $112.

Anyway, good start to the morning. I have a sea of green in front of me and I did nibble at UA this morning. Maybe I had to trade something! Anyway, I felt that UA had a downside of $4 and an upside of $15. I like those odds and hope it comes in a little more.

How about AAPL? That stock will not quit.

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