Friday, January 30, 2009

Reloading some SD, MDR, and GRA

I'm reloading some SD, MDR, and GRA here. I sold them into the "bad bank" rally two days ago from my initial buys last week. We have had two days of pullback and I'm initiating a 2/3 position in GRA at 5.76, really like this chart and easy stop out at a close under 50 dma. I like the inverse head and shoulders pattern in DBA, the AG ETF and I that should help the cause. I held onto a little of SD from the buy last week at $6 and I'm going to add back a portion of what I sold at 7.50ish, here at 6.70. MDR has a nice looking light volume fade as well so I will grab a starter here at 10.35.

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