fyi, just sent out this email to some traders with whom I stay in regular contact...take into acct. tax defferal selling consideration:
I sold GROW core longs on volume and price spike above prior 69.80 historic high
it is a very small float and high short interest name....I like to sell these speculative trades on PnF breakouts...a PnF breakout in this case, is simply a move above the prior 69.80 historic high.
Note the PnF price objective remains above, and 2 for 1 split coming up in late January...will look for possible reentry -
Edited by hiker, 28 December 2006 - 02:02 PM.