Sorry $1.26 gain. Was not a 52 week low; but a gap down 8/11/12. It is more gaps down that I use this strategy, but on occasions a 52 week low is achieved when the gap down causes the SP to sink further. The strategy enables me to get a better picture of when price has bottomed and reduce risk when entering.
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Sorry $1.26 gain. Was not a 52 week low; but a gap down 8/11/12....
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