Saturday, July 14, 2007

Going Long RRI Darvas Box Update





Just made our last buy on July 5th, and yesterday RRI closed at 30.15, nearing the new top of 30.75 with an intraday high of 30.69. Of course we are waiting for a close above the top, just didn't expect it to get so close so fast. Up an incredible 60% in 4 months on the first 100 shares bought at 18.85. Up 31% on all 500 shares with an average cost of $23.00.

If you don't/can't daytrade, building a portfolio of stocks like this can be the way to go. Averaging up into the strong ones and cutting the non-performers can be a very profitable strategy. Very low stress trading; I go days without looking at this one. In fact, I couldn't watch the HOD list Friday and wouldn't have seen RRI except someone mentioned it in the chat room.

Previous post here.

2 comments:

JJ2000426 said...

The SWC strike will end tomorrow. Watch out!

This is a nice article written by Eric Englund.

Cold fusion, which was once ridiculed, are now picking up more and more attention. Hundreds of scientists are researching it. It defies conventional logic but then the experimental result are none-deniable.

Why it's relevant? Because Cold Fusion must be done using the palladium metal, our metal of the 21st century. If Cold Fusion is successful, then palladium will become priceless!!!

And who is to say cold fusion is not real? A company called D2Fusion is going to release commercial products pretty soon. An average family will be able to use a cold fusion device to heat the house during winter. But it MUST consume palladium to make such a device.

Believe it or not!

Auto makers put tens of billions of dollars into a thing called hydrogen fuel cell vehicles. They spend the money and they used a technology which MUST USE palladium. Are they joking when they inject tens of billions of dollars?

So believe it or not! It's a palladium super bull!

SWC is the ONLY USA palladium producer, and operates the world's highest grade PGM mines. Incredible amount of money can be made in SWC if this palladium bull materializes.

Visit my blog and read discussions on palladium and SWC.

Laura said...

Three strikes and you're out.