Kicking Myself On CAR
By admin on May 5, 2009 in stock trading
CAR came up on my screener early today, I could have got in at about $2.25 but I held off on making the play… now it’s risen as high as $2.97 (it’s at $2.93 as I write this) yes that would have been good for a 30%+ gain and who knows it looks like it may go up even more.
That’s the bad news. The good news is my screener once again proves it can pick huge winners on a regular basis. Eventually I’m going to go ahead and get in at the right time and I’ll make a killing.
It’s now over $3.00, this thing is climbing like a rocket. Hell maybe I should have been buying in at the $2.90 area instead of writing this blog post?
Yes. I think that’s exactly what I should have been doing. I have to learn to ride these rocketing stocks even if I don’t get in at the perfect entry point. CAR closed at $3.25 so I could have made a nice 10% gain even if I would have got in at $2.95 .. and of course if I would have got in when my screener first alerted me about this one - I could have been up over 40% — it hurts when I miss out on big movers like this.
admin | May 5, 2009 | Reply
CAR got up to $3.85 this morning - it would have been next to impossible to call that top and sell it at that point but theoretically I could have made a 70% gain in 24 hours on this stock if I had played it perfectly.
admin | May 6, 2009 | Reply
It went up another 12% on the day: $3.65 close.
admin | May 6, 2009 | Reply