Breaking the rules big time. Boredom? Greed?

Sometimes we just look at the chart and say break the rule that says don’t buy stocks in a downtrend.  We did that the other day with C.  The time may be right to do it with PFE.  Very light commitment with stop 3 or 4% down.  This is not recommended for the faint of heart.

Remember two things here.  This looks like a Kilroy (H&S) bottom and the book says (and we say) don’t buy till the neckline is broken.  So you didn’t hear it here.  

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