How High Can It Go?
Strong stocks often have a tendency to rebound — sometimes violently. One
never knows which ones will, so money management of the trade becomes paramount
after the entry is triggered.
6-21-2002
10:22:35
eBay (EBAY)
is pulling back from its recent high. EBAY is currently down 0.16 to 60.25
and is holding a
3-month relative strength rank of 83 from TradingMarkets.com.
Today the stock explodes as the market turns around.
From here on, the only thing you can control is your money
management. Take half off the table and move your stop on the remaining shares
to breakeven. If this stock keeps running, you will be along for the ride.
Until tomorrow,