Spydertrader's Jack Hershey Equities Journal II

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If it's any comfort to you, I have the same list for dry-up. Plus GROW is on a Bruno R buy.

NWRE is also on a Bruno R buy in addition to being in dry-up. Earnings conference call today at 5PM EDT. I think it's playable as long as you close out before market close. Holding it through earnings is gambling.
 
Quote from stevegee58:

Plus GROW is on a Bruno R buy.
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GROW looked to break-thru the upper line of the channel on Friday (according to my channel drawings, still very inexperienced). With that said would u still take this setup? Other Bruno R traders could you please also comment on this and why or why not u may take this trade.
 
For what it's worth, here's my channel rendition from stockcharts.com.

I agree that it appears to be overbought in terms of channels.

<img src="http://stockcharts.com/c-sc/sc?s=GROW&p=D&b=5&g=0&i=p79712130688&a=82467503&r=111">
 
I am pretty new to this, but my chart is a little different for grow.

I am paper trading, but I purchased Grow on Friday at $20 just as it achieved the Bruno R requirements. I sold it today when I achieved 10%. My question is if there was any good reason to hold it longer - say the 4-8 day rule?
 

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Your chart doesn't look appreciably different in terms of the near term channels. Like I said about the earnings announcement today at 5PM, I'd be cautious going into market close today.

You obtained an outstanding entry at $20 and should hit 10% gain today if you haven't already. Don't let a winner turn into a loser!
 
The GROW company spokesman just told me they do not pre-announce earnings release dates. The best they could do was to say it was going to be up to 75 days from the June 30,2006 qtr end.

I took this path to find the date as I was flabergasted at not being able to find it any other way.
 
I'm a little confused, is GROw announcing earnings today or not? I'm holding shares still and don't really see any reason to sell based on volume still increasing w/ price, but if they're announcing earnings then I'll have to reconsider.
 
God sorry guys. I got GROW an NWRE mixed up. I have now idea when GROW is announcing anything. It's NWRE that's announcing earnings at 5PM today.

I must need a vacation or something.
 
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