One of our 1 year holdings is AUTO. Its up 5% off of a double bottom made at its 200dma. Based on backtested results that have never had a losing year going back to 1997, the 1 year portfolio holds do very well. However, AUTO has not done well at all this year. In fact, its one of the worst performers with a 37% loss from my buy point. That being said, I look for opportunities in my 1 year holdings to add when I see good bottoms made. I think AUTO has made one based on yesterdays and todays actions.

Today’s 200dma is currently at the 70% retracement based on the Jan 4th, 2006 start of a nice 350%+ move up to its highs made in Jully 2006.

If you like this post, check these out too

• October 3, 2006 -- XPO and AUTO
• May 25, 2007 -- Bought More RDNT
• May 16, 2007 -- What Sucked Today 5162007
• February 20, 2007 -- What Worked Today 2202007

Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .