April 25, 2010

RCRC Follow-Up

RC2 is the chart I wrote about on Tuesday that I did NOT trade. Here is the original following the 4/19 close.

I liked the breakout but passed because earnings were being reported on Wednesday. Below is a current chart after Friday's close.

Wow! Sure blew that one, huh? Yep, you could say I missed an easy winner. But I won't lose any sleep over it. This was a potential trade on the chart, technical analysis only. To me it would have been riskier to go into the trade knowing the outcome was dependent on an unknown earnings report. I'll do the same thing again.

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