Posted On: 01/19/2014 2:45:01 PM
Post# of 2561
RIBT Daily Chart ~ The Comeback Continues
Although RIBT continues to recover from the selloff of Nov/Dec, I chose to sell the stock on Thursday at 6.15 for a gain of 12% in less than 6 days. I added 1k shares at 5.60 one Jan 10 to the 1k initial entry at 5.40 on Jan 9.. It might turn out to be a mistake, but I didn't like the record volume during the selloff from 6.95. I would have no problem re-entering the position, but someone had a lot of stock for sale. I wished I had been around Thursday morning to take advantage of the gap to 6.95 at the opening when the stock began trading way outside the upper bollie band. As to the chart, the rising channel is still in effect, and RIBT will probably move higher as the FullSto and MACDs have plenty of room to run. RIBT was a stock that I picked up from a pincher scan that I use. GLTA
Although RIBT continues to recover from the selloff of Nov/Dec, I chose to sell the stock on Thursday at 6.15 for a gain of 12% in less than 6 days. I added 1k shares at 5.60 one Jan 10 to the 1k initial entry at 5.40 on Jan 9.. It might turn out to be a mistake, but I didn't like the record volume during the selloff from 6.95. I would have no problem re-entering the position, but someone had a lot of stock for sale. I wished I had been around Thursday morning to take advantage of the gap to 6.95 at the opening when the stock began trading way outside the upper bollie band. As to the chart, the rising channel is still in effect, and RIBT will probably move higher as the FullSto and MACDs have plenty of room to run. RIBT was a stock that I picked up from a pincher scan that I use. GLTA
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