Monday, October 28, 2013

Monday's Outcomes: SONC

I analyzed SONC and decided to open a bull position if the symbol showed upside momentum near the end of the regular trading day. (See "SONC: Carhops deliver a bull signal".) It didn't, falling below the $18.93 support level it had honored through much of the day. I'll add SONC to my Watchlist for future consideration.


My trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

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