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Gapper Dummy Trades - Garmin Ltd. ; Buffalo Wild Wings
By:
Wall Street Warrior
Wednesday, July 30, 2008 4:43 PM
Sectors:
Computer and Technology
Symbols:
BWLD
,
GRMN
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Once in awhile, a stock gaps, breaks daily support on the open, and runs all day.
GRMN
was the prefect candidate on another earnings disappointment.
Trader-X
style. I'm almost certain X was in this trade today!
BWLD
initially looked like it might form a bullish C&H, but all of sudden it drooped over and set up the perfect inverse C&H pattern at the whole $ dollar base. Thought it might fill the gap, so I held past the measured move, but then I decided to fold. This stock has such a wide spread at times, so if you don't exit when you want, you'll end up giving back too much in slippage.
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Related Press Releases
Garmin® Announces Completion of the Acquisition of Its Swedish Distributor
Dec 03, 2008 09:23 AM
Schaeffer's Sentiment Snapshot: Garmin Ltd. (GRMN)
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Releated SEC Filings
Form 4 RAUCKMAN KEVIN For: Nov 24 (10K)
Nov 24, 2008 06:48 PM
Form 4 ELLER DONALD For: Nov 21 (10K)
Nov 24, 2008 06:44 PM
Form 4 GARMIN LTD For: Nov 21 Filed by: PEMBLE CLIFTON A (10K)
Nov 24, 2008 12:50 PM
Form 4 BUFFALO WILD WINGS INC For: Nov 10 Filed by: APPLEQUIST DALE M (10K)
Nov 12, 2008 02:47 PM
Form 4 BUFFALO WILD WINGS INC For: Nov 10 Filed by: SMITH SALLY J (10K)
Nov 12, 2008 02:45 PM
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