defabstar - that is why I am not worried mate. If I had go in...

defabstar - that is why I am not worried mate. If I had go in the 4's I might be but have a buffer and willing to see that through. ok, I know that might not be good trading - but from a money management point of view I am not breaking any rules that I apply to my total investment portfolio amount.

I was reading a book last week on Trend trading - example was NBL and how poor traders held too long and ignored an exit signal nearly 2 years ago at 1.46 or so - only to watch it fall to about $1.23. Well, I was one of those poor people - $3.36 tonight ;-)
The author didn't know that earnings had grown at over 40% for 3 periods at that point and were forecast to do the same.

The morale of the story - ok to know that something looks strong technically - but if we know WHY then we can take the retracements.

I wouldn't put TOX in the category of NBL - LOL! and I guess there might be something smelly under the surface of any stock - but my experiece says that is the minority situation and as long as ones position falls in their money management range on retracement - who gives a cracker - thats the market ;-)