MR AND OMCL HIT 20% RULE

MR and OMCL HAVE made a good run and both gave up their 20% so I am now out of MR and OMCL.. What is the 20% rule? If a stock runs up 20%, it is time to get out. Search "trading rules" in this blog to find out what my rules are.

I am looking at stocks to buy into now that MR and OMCL are out of the portfolio. DSX looks hot to me. I would peg $29.78 as the proper buy point. The maximum price I will pay is $31.26. It was a short 9 week cup and I believe it is putting out a "high handle."

As for the model portfolio that had $20K in it in June, 2007, MR was taken out and NBG was added at @ $12.89. It still holds JASO in it, but I am not too confident in its recent movement. My confidence is overshadowed by the fact that JASO still has potential upward movement despite its recent downturn. The recent downturn is partially due to the falling trading volume. Price movement down with declining trading volume is an OK sign. When trading volume rises and price drops dramatically, that is a warning signal to get out.

Good luck trading.

JD