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The market was good to me today. About seven more buy orders kicked in while three were stopped out. I’m now about 50 percent invested. URBN (+9.4%) continues to be my leader, but not too far behind are CMC (+4.3%), GMR (+4.9%), HIBB (+5%), and OSG (+7.6%). I’ll be moving up my stop loss orders and putting stops on my new buys. With over 20 trades either pending or in play, it’s getting a little dicey staying on top of things. But that’s the price one has to pay if one wants to play the game.
UPDATE: Have you seen the University of Phoenix stock? Sales are increasing at the rate of 57 – 60% each quarter and earnings are growing at the rate of 60 – 90% a quarter. Now that’s how to run a school.
Posted by Ted at June 1, 2004 9:09 PM