GNK

Why I should have bought more last week instead of selling half and not buying back in. And other Shippers too (EXM, PRGN)!
I bought GNK on 5/2/08 $73.23 (4 July 85 call options) and 5/6/08 $78.14 (2 july 90 call options)
-I sold 2 July 85 call options on 5/7/2008 (stop loss executed - did make a nice profit)
May 8,9 GNK remained pretty much flat after profit taking and then exploded may 12 morning.

Analysis:
- Purchasing at 73.23 was correct as that was the highest weekly close in 52wks (end of October 2007).
- Weekly chart shows that pullback occurred during an overall positive week that remained ABOVE all time weekly close high!!! Should have bought at end of week!
-Daily shows my 2nd entry point was dumb! I chased a breakout. 1st entry point was perfect. Correction was healthy and RSI, OBV MACD did not suffer much! See end of week was great purchase time...