RE:RE:RE:RE:RE:RE:RE:Took up half a position
CaptainConn wrote:
1) I like trading ALA because it is a cheap stock ($14-16), pedictable, and is volatile enough. 2) I don't think of RBC or CIBC. I only care about share price. 3) It doesn't make sense to you to short it in the middle of the range? I am not going to short right at $16.80 where it may or may not break above. Once I see it firmly rejected that is when I will step into a trade. Same goes for long trades: I don't want to buy ALA at $16 but I do want to buy it at $17. Clearly, we have different strategies and timeframes. I am just going to keep doing what has been working for me. All the best to you.
That's interesting. Indeed we have different strategies as I bought back into ALA just before the close on Friday at $16.01. My strategy has been working for me as well as since Jan. 1, 2019 I've made $150K trading ALA mostly from the long side. I did short the stock on April 39 at $17.50 and covered the following day at $17.00 but my heart was in my throat for all that time.