Boring End to an Interesting Week

  • I’ve been listening to Gary Kaltbaum this week. I was turned on to him by a guy at my IBD Meetup group. I think his credentials can best be summed up with a quote from his Thursday show: “But I must tell you that every time I’ve tried to argue with O’Neil, I’ve lost.” I have found his one hour podcasts to be a solid recap of the previous day’s events.
  • I’m starting to think I messed up by selling my $PCLN. It has really bounced off the 50-Day line with force and is already approaching its previous high. On top of that, the rest of its Industry Group is now breaking out too. GaryK said on his radio show yesterday that he has a sign in his office saying “I will never again sell a market leader unless it closes a week below the 10-Week line and remains below the line for at least a few days.” I think something like this might be in order for me.
  • One stock that really jumped off the page of Your Weekly Review today was $ALXN which is working on a Square Base. I’m thinking it will be at the top of my Watch List after my IBD 50 Analysis this weekend.