I saw CHPS busting out this a.m. picked up another 500 and then
sold all 1500 at 23.125. It certainly could go, and should go higher.
However, if I can make a quick 20% in 1 week its time for me to bail.
I have not yet learned how to let profits run.
The pattern worked to perfection, breaking out in heavy volume. Too
bad for the guys who can't watch it but once a day, because when you
see a stock breaking like that on high voulume chances are for
a quick kill. This is not always the case. I could not believe
JBIL broke out so soon. JBIL broke out but sold off a 20 pe level so
you can still pick it up just above the break out point (25-25.5)
This is a good one technically and fundamentally in the 25 range.
They have dramatically improving margins (best in the contract mfg
industry) and have already annouced a lot of new business that
will affect the bottom line this qtr.