First:
This stock is hitting a new all time high on tremendous volume. It may be difficult, psychologically, to buy a stock after already rising 44% for the week, but in my experience, what feels wrong is often the right thing to do.
Second:
This stock is also making a new all time high after a nice gap up through a consolidation zone.
That's all I have to say this week, but here are some trend following related resources that I enjoyed recently:
- Michael Covel's interview with Eric Crittenden
- Videos of Nassim Taleb from The Tischendorf Letter
- My account on an innovative website called Collective 2
- An article from a blog called Unlearning 101
- Michael Mauboussin's new book
