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VHI Approaching First Price Target, Additional Targets Added

As VHI (Valhi Inc) rapidly approaches T1, I have decided to add additional prices target (T2-T4) for the Growth & Income Trade while the Active Long (i.e.- swing trade) will be closed out if/when T1 is hit (1.55), in order to book the quick gains & redeploy those funds elsewhere. Yesterday's & today's updated daily chart of VHI:

To clarify, if/when VHI hits T1, it will be removed from the Active Long Trade category while remaining an Active Growth & Income Trade idea. Growth & Income Trades are a sub-category of the Long-term Trades category. Long-term Trades are trade or investment ideas that have the potential for significant returns over a longer-term period, typically several months or more. This category of trade ideas might be useful for the longer-term swing trader or investor looking for investment ideas to supplement their existing portfolio and prefers a less active, more hands-off approach to investing.

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3 Comments

  1. dconant1 March 1, 2016 12:50 pm at 12:50 pm

    Great call from yesterday. I got in at $1.40 and out this morning (3/1/16) at $1.55. A quick 11% profit. Love it!

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  2. jupiter March 1, 2016 12:54 pm at 12:54 pm

    To initiate the trade I put in a Stop Limit of 1.21, and was not taken in , whereas in retrospect should have put in a larger stop limit. Is there a place still to get in and still have a decent risk- reward parameter? Thanks for any suggestions.

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  3. jegersmart March 1, 2016 1:00 pm at 1:00 pm

    I got in at 1.3, I am still holding for now.

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