Last August I blogged here about Dean Foods. My numbers in that post were obviously wrong in hindsight, and I’m down about 7% today on that investment. But…Today I was looking at my WallStreetSurvivor portfolio where I bought earlier, and am doing worse. So I started looking into selling when I ran across one article making a buy recommendation, and askStockGuru had this to say today:
Retracement Trade: Consider buying when the price retraces around 14.6. Consider selling/shorting when the price approaches 17.83.
I notice that intraday trading fluctuates widely, So I am looking to buy at 14.3 and sell at 17.6 to recoup my losses and have something to hold onto afterward. Let’s see how this one works out.Cheap, Lazy Reference links: Yahoo! Finance, Wall Street Survivor, Motley Fool CAPS, TheStreet, Google Finance, MSN Money