MON 8/31: ECPG – Persistent Bearish Action is a Reason to Reduce Exposure

James F. Taulman
James F. Taulman
James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system. •

3:58 PM – Selling the last half of my ECPG position here this afternoon as the stock continues to display bearish technical signs. With the weakness persisting and my overall posture becoming more defensive at this point, I see no reason to continue holding the remaining shares. I’m exiting the position completely and protecting capital.

James’ Trader’s Tip: Adjust Your Exposure as Conditions Change

  • Persistent bearish action is a reason to reduce exposure rather than wait for conditions to worsen.

  • Individual stock weakness becomes even more important when your overall posture is turning defensive.

  • Capital preserved today is capital available for the next strong BUY SIGNAL.

https://buyingbreakouts.com/mon-8-31-ecpg-persistent-bearish-action-is-a-reason-to-reduce-exposure/

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