Take profits on La-Z-Boy (LZB) and sit tight as I scour the market for another stock. I hate to leave only 3 stocks in the portfolio, but I'm pretty sure we can get back into LZB at a higher price. If you shorted La-Z-Boy when I suggested at 13.29 you would have a 12% gain. The stock is currently at 11.85 and nearing some moderate support from it's uncorrelated MACD. I've been a bit busy lately, but I expect to find a gem to add to the list soon.Have a great weekend.
-Chris
2 comments:
Impressive play, Chris... maybe I should start getting into this chart stuff.
then again, my DHIL and EXP picks are doing good too.
Know any good charting books?
-Sam
Here are two books I plan on buying after reading about them, looking at user reviews, and getting recommendations from traders I respect.
Japanese Candlestick Charting - Second Edition (Hardcover)
How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition (Paperback)
To be honest though, everything I've learned on charting is from the internet. There are so many resources out there, I would simply start at Investopedia.com
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