Monday, July 2, 2007

Stock Purchase (TNH)

Price - 134.05
Time - 3:50

No longer over bought (according to Stochastic for month-year) with fast Stochastic now moving upward, I felt that it was time to purchase. I waited to purchase TNH until the end of the day to make sure that the stock had momentum. The stock closed at 134.64, up 7.57 for the day, hitting its 52 week high of 135.44 at 3:26.

The position is to be held long-term with fluctuations of 10% (no matter how painful) to be tolerated. Until the stock shows signs of weakening momentum, I will not sell the stock.

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