SLXP 1-24-01 to 6-29-01

January 16, 2008

This was a great long for me during this time as it was an IPO with a beautiful pattern. Sadly, I did not load up on the initial purchase. It was the second purchase that was the large buy. But as MY luck would have it, it closed below the 50 DMA about a month later forcing me to sell half. So this was not a huge position by the time the top came around, but, I can still gladly say that I made a good amount of money on this purchase, during a time when the market fell 25%. SLXP produced a 126% gain in five months.

the buy:

slxp1_24_01__Large_.PNG

the second buy:

slxp2_9_01__Large_.PNG

the top:

slxp6_29_01__Large_.PNG

Last 5 posts in Best of 2001

Posted by Joshua Hayes | Filed Under Best of 2001 

Comments

RSS feed

Comments »

No comments yet.

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.
StraightStocks Authorized Contributor Best Way to Invest ExpertSeeking Alpha Certified FeedTheBull - Top Stock market and Finance SitesTIMlinks
Disclaimer: Big Wave Trading and all services provided herein are for educational purposes only. Nothing contained within this Web site should be interpreted as a recommendation to purchase, sell or hold a security. All visitors and subscribers should always do further research before making a final investment decision. All subscribers must read and agree to the terms and conditions within Big Wave Trading.com. Any questions or comments may be directed to admin (at) bigwavetrading.com.