01-04-2006, 01:05 PM
I bought a stock yesterday, Dynamic Materials Corp. (BOOM) It was setting up in the SD room an aggressive buy trade idea.
Below is a copy of the current BOOM DT Profile, an eSignal daily chart with trading parameter references, and details of my buy order.
The target objective has been hit this morning. I need to now determine how to proceed with this trade. Here are my choices: (1) cover, lock in profits; (2) take half profits now, move stop to breakeven on rest; (3) stay 100%, move Stop to breakeven. Since I only bought 100 shares, and because DT Profile and Trade Balance still show good individual stock, group and sector strength qualities, I will keep 100%-- for now-- and will move my stop to breakeven.
If conditions develop warranting a change in my strategy, I will update this thread to keep you abreast of any changes in logic. -mr
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General Company Overview -- "Dynamic Materials Corporation is the world’s leading provider of explosion-welded clad metal plates. Its products are used in a variety of industries, including petrochemicals, refining, hydrometallurgy, aluminum smelting and shipbuilding. The Company also provides advanced welding services, primarily to the ground-based turbine and aircraft-engine sectors. Based in Boulder, Colorado, the Company operates two business segments: the Explosive Metalworking Group and AMK Welding. The Explosive Metalworking Group, which uses proprietary explosive processes to fuse dissimilar metals and alloys, has more than 30 years of international experience and has captured a commanding share of the worldwide market for explosion-bonded clad metals. AMK Welding utilizes various specialized technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines." (source: http://www.dynamicmaterials.com/home)
Below is a copy of the current BOOM DT Profile, an eSignal daily chart with trading parameter references, and details of my buy order.
The target objective has been hit this morning. I need to now determine how to proceed with this trade. Here are my choices: (1) cover, lock in profits; (2) take half profits now, move stop to breakeven on rest; (3) stay 100%, move Stop to breakeven. Since I only bought 100 shares, and because DT Profile and Trade Balance still show good individual stock, group and sector strength qualities, I will keep 100%-- for now-- and will move my stop to breakeven.
If conditions develop warranting a change in my strategy, I will update this thread to keep you abreast of any changes in logic. -mr
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
General Company Overview -- "Dynamic Materials Corporation is the world’s leading provider of explosion-welded clad metal plates. Its products are used in a variety of industries, including petrochemicals, refining, hydrometallurgy, aluminum smelting and shipbuilding. The Company also provides advanced welding services, primarily to the ground-based turbine and aircraft-engine sectors. Based in Boulder, Colorado, the Company operates two business segments: the Explosive Metalworking Group and AMK Welding. The Explosive Metalworking Group, which uses proprietary explosive processes to fuse dissimilar metals and alloys, has more than 30 years of international experience and has captured a commanding share of the worldwide market for explosion-bonded clad metals. AMK Welding utilizes various specialized technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines." (source: http://www.dynamicmaterials.com/home)