Monday, May 23, 2011

Following Up on BPAX

BPAX, a trade idea from May 9th when the chart looked like this

is now 22% higher and looking like this today

Did you miss the boat? I don't think so. This appears to be a large base multi-year in fact. I would keep a trailing stop on this one, but the volume for the base is perfect. I may wait for a pullback before entering if you haven't already. Remember, patience.

Long term 3C base.

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