Patrick's Rants


CMRG Results

Filed under: Money,Stocks — site admin @ 5:51 pm

I decided to adjust my roll range down $0.01 since the high on 2/17/12 was $3.39. I would have had another round trip trade @ $.31/sh if I had done that – but no matter. I sold CMRG today for just over 6%. Shares were bought on 2/10 so that’s a pretty good rate of return. I have a new buy/contingent sell order in for 3.08 to 3.39. Let’s roll! I’m okay with cranking out 6-7% monthly returns.

Rolling CMRG. Do your own research

1 Comment

  1. Speaking of filling gaps as I posted on VG, CMRG has a gap from $3.75 down to $3.54 which occurred on 11/17/11. If CMRG pushes past $3.50, the resistance line for this range, it will likely continue right on up to $3.75. It hasn’t broken $3.50 since November so this would be a good technical indicator that it may be heading right back up to fill in that gap.

    Comment by site admin — 3/9/2012 @ 8:35 am

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