Comments on: Why Buying Breakouts Is Never As Easy As It Seems

By: vestor707

vestor707 — Fri, 06 Feb 2009 02:11:56 +0000

To much Risk not enough reward. In my experience on the long side, stocks that have to rise a large amount on the day of the breakout tend to be failures. I like to look for stocks that are up 1 to 2% on the day of the breakout. Not 25% on the day. But it’s just an opinion.

By: timothysykes

timothysykes — Fri, 06 Feb 2009 00:26:36 +0000

here’s my full take on SFLY:

http://bit.ly/12NBF

By: Omaggio

Omaggio — Thu, 05 Feb 2009 21:05:21 +0000

This could be a good longer term trade…but i am not comfortable longing a stock that is up that much…even on good news…always a possible drop in the morning which would probably allow for a better entry. But you never know!

By: be-the-ball

be-the-ball — Thu, 05 Feb 2009 21:02:30 +0000

markets are in twilight zone

ain’t that the truth…

By: avoigt_2000

avoigt_2000 — Thu, 05 Feb 2009 20:50:51 +0000

markets are in twilight zone,dont like to put dinero in it over nite,only daytrades 4 now

By: avoigt_2000

avoigt_2000 — Thu, 05 Feb 2009 20:45:33 +0000

sfly up 25%,guess its gonna consolidate tomorrow,than weekend,monday it will be cold and drop…dont like it tim but good luck anyway…

By: rassoodock

rassoodock — Thu, 05 Feb 2009 20:28:03 +0000

Nice find, maybe people could pile into this a la Amazon if the market stays strong? took small position 200 @ 8.22 with stop @ 7.72, risking a whopping 100 bucks.

By: Boston

Boston — Thu, 05 Feb 2009 20:14:39 +0000

Bought 300 @ 8.31

By: tbohen

tbohen — Thu, 05 Feb 2009 20:12:35 +0000

Broke through $8 I mean.

By: tbohen

tbohen — Thu, 05 Feb 2009 20:11:59 +0000

Good pick, I was gonna get in when it cracked $8, but most my funds tied up elsewhere.