I made the trade shown above in my super fund. IPL was up over 35% in a 6 month period when I took the trade. It had one week in the previous 6 months where it jumped 18%. I bought in at $26 and sold at $72.
Another signal fired not long after the exit. It would have been nice if the exit wasn't given - but that's the way it goes. Sell up and move on. I didn't take the second leg. When the second buy signal was triggered the stock was up 220% over the last year!
From when the 2nd buy signal was triggered to mid May 08 the stock put on another $100.
How many traders would have looked at IPL and thought it's had a good run surely there's not more to come? I did, although I picked up MCC as a consolation prize.
So much for discretion.
stevo
Hi Stevo,
ReplyDeleteYour exit was extremely effective at locking in most of the profits in the first part of the move.
Well done.
ASX.G