Friday, March 21, 2008

Gander Mountain - Move Stop

Gander Mountain made a large enough move Thursday to warrant us to move the stop to break even. This will in effect make it a risk free trade.

The other reason I want to move the stop to break even is the long black candle it made Thursday. The stock may have been up 6% at the close, but it was unable to sustain much better gains earlier in the day. This may be a warning signal and it may not be, but it is always better to be safe than sorry.

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