Tuesday, November 3, 2009

KGN

This chart was done on the day of the breakout from the ascending triangle. I took my profit (from the low 3's) near the first target of 5. Bought back again, got shaken out of trading shares but hold an investment position to see if we can't get to the higher target or beyond.

I think I am going to hold these for many months, regardless of what the price does. At least that's the current plan, given the now small position size.

KGN has come a long way from the back up the truck days of .50