bounces 5%

  1. 1,047 Posts.
    Its a funny stock, and not for the faint hearted.

    Down 4% one day, bounces back 5% the next.

    I was tempted yesterday, to close out my calls, but I hung in, as my rules say wait for a close below resistance.

    With hind sight it was a good call (pardon the pun).

    I am looking for News Corp (NCP) to continue its trend although I am currently running with a stop loss that is tied to base of the trading channel. So we will see.

    Still looking for NCP to trade to $13 maybe even up as high as $13.50. Then it starts to hit more resistance again.

    Good trades everyone.
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