Strong moves in this sector, with stocks such as DE (Deere), CAT (Caterpillar) with good gains. Steel stocks such as NUE (Nucor), OS (Oregon Steel), X (U. S. Steel) are also strong. A look around to their competitors, finds that most all of these stocks have already moved.
Earlier in the year, I owned CMI (Cummings Engine) and sold it for a small profit. Now it looks like it is hard to get back in, at much higher risk and higher prices.
It is a tough call, when to chase, and when to let it go. I'd say 80% of the time, it is better to let it go and find something that is lower risk. If a position is taken, a small position with the intention to add more on a good pullback is often the easiest tactic.
A person can ALWAYS find stocks that would have produced good gains. The advantage of 20-20 hindsight is one that Internet stock gurus often have, but not me. Readers know who I am talking about, those traders that report that they bought at the low and sold at the high, every time. These guys/gals are a riot.
Cheers.
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