Monday, February 24, 2014

RFMD Breakout 2/24/14

I have to thank a friend of mine who brought this stock to my attention… He mentioned how good the fundamentals were but the stock  (RFMD) had still not popped. He bought a bunch and made a ton of money when it rose a little, and then bought some more. . Hope he does not quit his job now because of the profits he made. My plan was to use the technicals and get in each time I got a buy signal and exit on the sell signal. I had a modest position at the last entry signal. Then I missed the add-to signal shown by the small arrow up. I should have gone in with a market order, but instead placed limit orders that did not take. Shoulda woulda coulda… Got my second entry signal Friday on the drop. Put in a very modest add to…. And it popped and took me up with it…20% jump.. Nice…sometimes it all comes together…




See chart below.




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