Mystery Stock Revealed
Published June 22nd, 2006 in Technical Analysis Tags: breakout, HANS, Hansen, trading.
Two days ago I offered a chart and asked whether you would buy it or not. Rather than reveal it in the comments section as promised before, I decided to make a new post to show you the price action that followed:
For those keeping score:
- Eyal went long with a trailing stop above $7
- Michael preferred to stand aside but ‘gun to the head’ he went short (and was stopped out)
- Idempotent tried to short it below $6 but never got the chance since HANS never saw that handle again
- Yunis stood aside
- Chad went long with a stop at the trendline and got stopped out in the $40-$50 range
- Pradeep went long and targeted $20 (which he might have gotten if he held on through the July pullback)
- and finally, Mousefinger went long and is assumed to be still munching on a massive block of cheese he bought with the profits
Thanks to all who participated!
If you haven’t taken a look at Hansen’s long term (monthly) chart, go ahead and do so. You’ll find that from mid-1998 to mid-2003 it was going sideways. Boring if you were trading the stock but if you happened to come in later, you would have appreciated the massive base that it built. Without it, I don’t think it would have been able to launch such a rocket to the moon.
Your mission, should you choose to accept it, is to find the ‘next HANS’. It is out there, biding its time, waiting to be discovered. Fire up the filters!
breakout, HANS, Hansen, trading
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5 Responses to “Mystery Stock Revealed”
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Ahhh….that’s one fine piece of cheese!
Would have been quite tough to hold through the entire move, psychologically. I wonder, statistically, how many stocks within the past couple of dacades or so had this kind of explosive move from single digit to triple digits over this kind of timeframe.
Mousefinger: bon appetit
Eyal: if anyone went long HANS at $6 and stayed long until now it is because they’ve forgotten they bought it in the first place
Check out CCBEF.ob (Clearly Canadian) or JAVO.ob (JAVO Beverage Company)or LBIX (Leading Brands)….
ALL are very speculative, but have made the kind of moves HANS made in it’s early days…..Also all three are in the same sector as HANS….
I will check back every once in a while…..
Trucking and Shippers have been the place to be over the last 2 weeks…..posted 6/26/2006……Lets see if this trend continues….
$COSTAverageMAN
$COSTAverageMAN: Thanks for the heads up. btw, I really enjoy your thread on elitetrader.com