Selling:
I sold out of the remaining position, at the price I was trying to get yesterday; as it happened, I got the early morning jump, which ended up being the high for the day.
Buying:
Several stocks passed the day's screener criteria. One popped up early in the day, and with the substantial volumes (~33% of 30-day average) I went ahead and bought in. The remaining 3 were still at low volumes by end of day, so I stayed away.
What ifs:
The high for the day on the new position came within 2 pennies of my sell - which would have realized a >5% return. Greedy? Maybe, but I have also found myself selling too quickly on similar action. And looking at the historical data, strong starts tend to bode well:
(%Gains on stocks with a higher than 3% gain on first day)
Based on the change in price from the day a stock meets the buy criteria, most stocks realizing a larger than 3% gain on the first day go on to higher gains. For the past two months, I have tended to sell early, I think I will try to wait on this one.
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