9-9-13 mid day comment

[Mike]

If the NASDAQ closes above 3694.19 IBD will likely turn the buy switch on. If so we will have an exposure count of +1 (30%). Volume is running 6% off of Friday's pace so I don't expect a follow-through day. There is one buy signal in the back pocket B3 (lows above the 21-day) so it is this signal produced on 9/5/13 that would be taken out of the back pocket producing the 1 exposure count. Leading CANSLIM issues have been acting pretty well. NUS is breaking out. I own TSLA, RH, NUS and SSND.

[dwn]

Mike,

Did you avoid the RH earnings release? Price action was a little suspect day of release. Do you have a hard fast rule with respect to earnings?

By the way what happened to Mike's Monitor?

Dan

[Mike]

Mike,

Did you avoid the RH earnings release? Price action was a little suspect day of release. Do you have a hard fast rule with respect to earnings?

By the way what happened to Mike's Monitor?

Dan

Dan,
I sold RH early in the morning for a 4% loss. I don't usually buy a stock within a week before earnings. This one got away from me because of the unusual earnings release time in September.