Hi Sulu, and sorry in advance to the BLR purists on this thread
The retrace on PEN today is relevant only to your trading timeframe - it regularly pulls back but has made some impressive headway over the last few months backed by significant volume
Couldn't help but have a chuckle at the stocks that you guys have mentioned - at the end of Feb, a lot of people acknowledged the paper loss they took (I copped at least 5% despite holding 40% cash at the time) - yesterday was a good day as I hold BLR, PEN, WMT amongst others (not all good but a nice day nonetheless)
Cheers to all BLR holders
As an aside, in relation to TA v FA, I'm not sure how others fare but I've found that a combination works pretty well - except that emotional attachment from 'over researching' seems to prevail at times (which can be contradictory to TA exits)
MK
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