Confirmed Rally

by billb 3. August 2008 10:00

My IBD this weekend tells me we're now in a confirmed rally.  I was questioning that just as recent as last weekend.  Apparently Tuesday was the follow through day they've been waiting for.

In the meantime, the non-complaint momentum fund I set up outperformed this week (up 1%).  <laugh!>.  With only three stocks in the fund, I'd say that was pure luck.  To recap, I'm currently holding ICLR, HP and HIL.  I have a new member to add to the mix on Monday, CF.  The stock has been on a tear over the last 12 months, nearly tripling in price.  I'm looking to catch the next leg up.  It closed at 162.54 on Friday.  Assuming I get about the same entry on Monday, I hope to ride it to somewhere around 187-188 or lose it somewhere around 145.

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