I posted my stock analysis of Emcor Group Inc (EME) on February 2/25/06 right before I went long at $24.83. It promptly decided to fill the gap and head lower but I still held on because I like the long term infrastructure play. What can I say? I’m a die hard Civil Engineer!
Well after holding on through the next 4 months, I’m sitting on a small gain of 13.8%. Nice! I goes to show you that this isn’t a stock market but a market of stocks, the trick is to select the right ones.
Tom,
I’m glad this one worked out for you!!! I’d like to see you with more of these 8^)
Maybe think about not holding thru the downturns. You never when or if it will turn back up…
I like to start out with a tight stop until the trade is going my way then loosen it up as it moves up ;-)
Cordially,
-Digital Dude-
DD: most of the my long term holdings are bought with the idea of sitting tight through market swings IF I believe the business is sound and poised for growth. My retirement investing is a completely different animal than my Forex trading.