Thursday, March 29, 2007

Staying Out

I never followed up the market correction issue with what I did about VDSI. It trended downward a few days in a row so I decided to sell it at the same place I bought it at. On March 1 at $17.05 I dumped it.

What I should have done was gotten rid of it at the same time as everything else. In a correction the market was against me. Me hanging on with the market down wasn't me being strong in the face of fear, but it stupid.

BHCO says there was a follow through day on either March 21st or 22nd. I'm not sure because I don't know what a follow through day looks like. Both of those days are up, and follow previous days that are up and experienced above average volume. Good indicators for sure.

I won't be trading again yet though. I don't feel bullish (I don't think I'm bearish either) on what's going on yet. Lots of down days on high volume. Lately the down days have been on lower volume. I don't know what's going on, so I'm staying out of it.



Post a Comment

<< Home