A follow up on my previous post on Rex Intl, the stock's reversal and strong turned up indeed had effect on the price movements. It's currently trading at 0.119/0.120. It broke above the profit taking area in the 5 minute chart and it has since been trending up non stop. As mentioned on my blog post last Friday that I would look to take profit this week, I believe it's now time to lock in profits at 0.119 or 0.118. If if moved higher, I am also ok because it has been a good ride in this 1 stock which the % return was huge. Time to move on the next counter. I am impressed that my student got in at 0.08 and still swinging with only 100 lots.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
