Replies to post #34608 on lowtrade

[lowtrade]

Rule #1 for trading any market;

Never chase a running stock.

Ps; especially with so many gaps below !

http://stockcharts.com/h-sc/ui?s=IRE&p=D&yr=0&mn=3&dy=0&id=p06579471456

If in take profits when they present. They present the first red day. This one has had 2 profit taking opportunities.

Another TIP. first gaps in a new run often don't fill. Thus any retrace at this point could expect 6.00, but 5.60 is doubtful. Should have filled on the first retrace.