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.
(GET, GDP stopped, SHAW removed)
Open Position Notes:
No open positions.
GET broke down nicely for us and hit the 1st Target yesterday. Today it opened weak and was heading south, getting to within $0.20 of the 2nd Target. The stock and the market stabilized, and a bounce followed which resulted in my adjusted stop getting hit. I’m now out of the trade for a solid 5% gain.
GDP has been reluctant to move higher in recent days since triggering a buy, and today the stock gapped lower to stop me out of the trade for a 4.7% loss. Getting stopped out on a gap is no fun, but when my lines get crossed I know it’s time to exit. This is a technically broken stock, and I’ll stay away from it for the time being.