More Katrina
September 16th, 2005 by BWV
Just added some BECN on a break of $32. Nice pullback in a strong stock, though my entry was about $1.50 less than ideal.. As always, there’s a tradeoff between a higher win % trade versus a better risk/reward profile. I basically let BECN “tip it’s hand” just a bit in return for taking on higher risk.
Still, this one should benefit from institutional buyers focused on stocks of companies that will benefit from the massive Katrina rebuild that Bush discussed last night.
BECN sells construction materials.
Long BECN
