Aug. 3 at 2:27 PM
FRI 7/31:
$BBSI – SELLING (1/2) P/L: -
$637.20 -6.4%
3:43 PM – Selling half of my BBSI position this afternoon. After yesterday’s close just below the 10 DMA, shares are continuing to exhibit bearish technical action today, breaking below the recent lows near
$39.00 on well above-average volume. Although I previously sold this stock for a solid profit and then bought it back on July 29th after a fresh BUY SIGNAL, I can no longer ignore the current technical deterioration. Stocks will tell you what to do—you simply have to listen.
James’ Trader’s Tip: Listen to What the Stock Is Saying
• Every trade is based on the stock’s current technical behavior—not your previous opinion of it.
• A stock can issue a valid BUY SIGNAL one day and a valid SELL SIGNAL soon after.
• Successful traders stay flexible and respond to the evidence, allowing the stock’s price and volume action—not emotion—to dictate their decisions.
https://buyingbreakouts.com/fri-7-31-bbsi-selling-1-2-p-l-637-20-6-4/
