MR breaks out!!!

Well, MR did it!!! It broke out of another resistance area and moved more than 5% today in higher-than-average trading volume. Be wary though. The maximum price to buy up to is $37.95 based upon the IBD rules for buying. How do I get this number? Remember, the proper buy point is $0.10 above the previous high and you can buy within 5% of this high. So here is the equation: Previous high = $36.05. Add $0.10 = $36.15. $36.15 multiplied by 5% = $37.95

OMCL may be on its way to breaking out. It is frustrating to be holding onto this one for 6 weeks with no movement, but patience is a virtue. Let's see what the future holds.

I actually sold BCSI today. Here is my reasoning. 1. It looked as if the stock was poised to take off from what is called a BULL FLAG. It started out the day strong, but as the day wore on, the stock continued to sell off in higher volume. So here is my tally.

Bought $53.1587

Sold $80.31

Profit $27.15/share or a % gain of 51%

Reason #2 to sell, I bought more MR shares today.

I revised the Yahoo! stock quote icon to the right to reflect my selling of BCSI by removing it from the graphic. You will note that the stocks that are quoted in the Yahoo! graphic will be the stocks that I am trading in my own personal portfolio.

Good luck trading.

JD

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