It fell 10 points yesterday and 90 today. Luckily, and i say luckily because that's what it was, i went for the Bird-in-the-Hand and sold.
In his book How To Make Money in Stocks, William J. O'Neill warns of greed and says to sell when a stock is up 20-25 pts. Mine was up 30.06.
This morning, when i awoke it was at 214.00, down 59 points. The biggest drop i'd seen in my 16 1/2 months of trading was 51 pts. I figured it had to be at the bottom; I started buying.
As i was placing the order for the 4th share - i buy one at a time - a notice appeared saying
INSUFFICIENT FUNDS.
I knew i had plenty of money but i'm somewhat a believer in magic, omens, oracles and such, and this caused me to pause. Over the next 30 seconds the stock fell to 210. I waited.
Still convinced it couldn't go much further i bought at 208.65. My last was at 194.00. I watched as it continued down and closed at 182.54.
On Thursday, the day b4, i had watched it drop from 283.77 to 229 and then climb the 40+ pts back to 273+. Part of me wanted to hold and see what the morrow would bring. But the Bird-in-the-Hand part won out and I sold at 272.37; it closed at 262.70.
So to awaken to 214 was a BUY signal. We'll see what happens Monday.
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