OMC reported earnings today and had a gap up. When I saw this stock, I knew it had the characteristics of a strong mover. It gapped up and broke out of resistance at 96.64 in the daily chart set in June. I got a hunch that the stock would make a big move but I got tempted by my profits and got out early. It was hard getting back in because a part of me is afraid of a quick reversal. I have been caught in many quick sudden reversals in earnings stocks. I went back in quite a few times but I just did not have the conviction. I find it hard to hold a stock if I do not have a good entry price.
- Stay with a good position