daytrade diaries... june 12, page-8

Ange08,

Thanks for your thoughts. We'll be watching what happens around 1.00 - but hoping to hold for the slightly longer term. My fundamentalist half says that DWS is in the same line of business (computer contracting) as OKN but whereas OKN is on a PE of 11, DWS is on a PE of 7.5.

The beauty of trading a stock you like fundamentally is it can be easier to hang on through the dips.

BTW - FXL which we talked about on Wednesday (I think) has continued to rise. That said I really appreciate your comments. I'm relatively new to charting and it can be easy to overlook things. My other half has been managing our share portfolio for decades from a fundamentalist point of view but massive losses last year brought me onto the team to try take some of the burden of worry off his shoulders - and hey it turns out this is really great fun.