Tuesday, December 9, 2008

GSIC - Strategy

I think I'm going to try an experiment with GSIC - I bought it at $9.84 and it went down for a number of weeks - today it is edging on getting back in the positive and I'm in at just the right time to execute a position trade instead of a swing-trade on this one. If the stock is really having a change in trend and it is going to start going up for the next few months, I think I'll hold on and ride the wave up.

This would be my first position trade - I'm also going to be on the lookout for any signs that the stock is only having a minor correction before going back down. I don't want to be in the negative again, that's for sure.