If I bought every single stock which I have a conviction on I'd not only run out of money but also be running at a loss. Case in point, I had a 'conviction' on HST when it was at around $1, but I needed it to break $1.05 convincingly before entering. Sure enough it approach $1.05 but didn't stay above it hence it slipped back down - me not entering saves me having my money test resistence.
It doesn't matter how long a share has been increasing for case in point MCE, FGE, AGO, TGS, MIN (do you want me to go on?), trend trading is about getting a piece of the pie somewhere in between, just because a stock has risen 40% doesn't mean it doesn't have a ways to go, that's where the support and resistence bands come in.
I didn't know about it between Jul - Jan and only came to my attention recently, so why can't I analyse the stock for my own purposes? I wanted to find out if it was still a good buy.
Lastly - why you hating?
BLY Price at posting:
$4.60 Sentiment: None Disclosure: Not Held