Another recall: OPWV

We can make many kinds of mistakes when we sell a stock, but there are two that are much common. The first is not to sell at a small loss and leave a large chunk of the portfolio in the stock. The other is buying with sound motives but get bored and sell just before the stock shots up. Both mistakes should be corrected.

That's what I'm doing today with OPWV. I have to buy back the stock, at a higher price, because it finally broke out a 2 year resistance level, which is now support. What I've learned from this experience is that when a stock strikes at a resistance level when it is already overextended it will probably fall back a little, building a base for the big push.



So I'm buying OPWV today at the open, relying that resistance at $17.70 will become a made of steel support in the future.

Everyday I will analyze OPWV after the market close until I sell the stock. I always tell I'm going to sell before I actually take action. You just have to follow the answers to this post.

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