The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.
RCII closed – 100% cash
Open Position Notes:
No open positions – 100% cash.
Closed Positions:
RCII continued lower this morning as it gapped down, opening a few cents below Target 1 where I closed 1/2 my position for a nice 4.2% gain. From there, the stock ticked only slightly lower before reversing back up, hitting my adjusted stop from last night to take me out of my remaining shares at breakeven. So, I’m out of the position with a net gain of 2.1%. It’s not impressive, but for a stock to have changed directions so sharply as this one did today, I’ll take it. At this point I’ll wait for a new pattern to set up before considering another entry.
