Do or Die Points for The Market Leaders

Posted by Howard
on November 12th, 2007

I asked my friends Cole and Eric at Blackstar for their long-term trend stop points on my favorite leaders. Here they are:

RIMM – $85.89
GRMN – $73.44
GOOG – $609.04
BIDU – $259.89
OIH – $154.78
AAPL – $141.08

I will be using their Garmin, OIH and Apple stop points, but stopped out of Google and Baidu on the run ups and earlier today on the rest. RIMM was an embarrasingly early trend sell by me months ago, unless it gaps down $40 points tomorrow (in which case I am a genius).

I was a buyer of Garmin last week at $90 (whoopass) and will be buying some more in the high $70′s on more weakness. I know my stop points and will adjust my position size for distance of the stops.

Google, Apple and Baidu could be in these major areas of decision by tomorrow morning at today’s pace.

Fasten your seat belts and be prepared so you can be proactive, not panicked and reactive.

If you have been buying the bank stocks, this must be the first time reading this blog. If you read this blog everyday and have buying banks and brokers, no one can help you or should help you. Go to the racetrack.

Hope this helps you. It helps me :) .

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