Monday, August 20, 2007

Dipping toes in the waters


One stock that I will add to the list of watch list plays this morning is Trina Solar (TSL).


If TSL can move above last Thursday's drop point of $47 then I would be willing to dip my toes in this company. But only 1/2 position at first.


See chart for buy points and stop loss point.


In pre market TSL is gaping up on low volume. So I would wait a little while to see how it plays out first before jumping on board. The goal of this play is a swing trade with goal of 15% gain if the markets don't suffer any more seizures. No need to chase this if it runs. I would prefer no chasing in this market environment. (you should never chase a stock but even more so in this questionable market).


0 Comments:

© Blogger Templates | Webtalks