Follow up to Long Tail Down Strategy

Posted on March 10, 2009 by Adam

I wanted to follow up on my post yesterday, where I described a point and figure strategy for a deeply oversold market.

I bought into a 3 box reversal in (MET: 40.20 +2.29%) yesterday at 12.50 and cashed out this afternoon at 15 for a 20% profit. Quick and dirty, nice and easy.