Thursday, March 24, 2011

HDY Follow Up

HDY is a trade from Feb 16th, it's up 25+%. It was featured this week as it's close to a breakout of the next resistance level. Today it made a pretty impressive intraday move of 13% (in that gift zone in which we take partial profits), however it hasn't been able to hold the breakout.

I know a couple of you have been in the trade for over a month, I would consider taking profits here or at least enough that this can't turn into a loss. 25+% is a decent move, I wouldn't get reckless or greedy considering today's action. If it can move back above resistance , then you can always re-enter or add shares.

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