letmewin, At the time UNX was the only stock I held, the post...

letmewin, At the time UNX was the only stock I held, the post was as follows;

Can't ignore UNX at support. Bought back in.
UNX my only graphite hold at this point.

The reasons were as follows

1. My very first UNX buy was at 0.23 on the 21st sold sames for 0.275. Which was my largest trade, after which I was in on the dips and out for a couple of points. I was out completely before 0.30 got broken.

2. UNX did a CR at 0.16 in May. When the SP came back to 0.19 I was happy to buy them at twice (15% cheaper than my first entry). I wasn't happy with the constant feeder that was selling at 0.20. So today's announcement gave me an out, which I took.

3. KNL did a CR at 0.155, but the SP is currently 0.345. For me there was less risk on UNX than on KNL.

Now all I am doing is playing the volatility and hope I don't get caught out, ala the 0.40 buyers that jumped in today.

Yes I would like to buy KNL at lower prices for longer term hold (who wouldn't?), however I rather prefer price stability.



Outside day candle today; Meerkat care to comment, as you a better chartist than me