MarketGrind » AIPC

AIPC: I Love Pasta But I Love Money More

brian — Fri, 16 Jan 2009 20:02:47 +0000

I’ve closed out my AIPC position for now. As much as it pains me to do so you just have to be insane not to sell after a 20% move in this market. I’ll revisit this stock again on a pullback.

AIPC update: Consider Taking Some Profits

brian — Fri, 16 Jan 2009 06:26:26 +0000

I think it might be time to start taking some profits in the AIPC trade I talked about the other day. We’re up nearly 20% and in this market you have to take what you can get.

AIPC: Everyone Loves Pasta

brian — Fri, 09 Jan 2009 02:18:46 +0000

This is a purely technical trade (although I do love pasta). The setup is easy. The stock opened up on the lows today and bounced. I want to stop myself out below today’s low. The big volume on the up days shows accumulation and the low volume sell offs reflect simple profit taking after a big move. Another way to play this stock would be to establish a partial position here and wait for a pullback to 17 where previous resistance was. You can stop yourself out of that small position below the gap and add to it on the bounce off of 17.

AIPC