Getting into Cascades

chartimageCascades (CAD.TO) is showing a bullish techical indicator – a hammer.  Previously this indicator has heralded rallies in this stock.  I want to make a speculative investment.

  • Buy CAS.TO @ $4.57

POSTMORTEM

Writing today, 15th April, the hoped for rally has not emerged and the stock is essentially flat.  My thesis is no longer valid so I sold.

  • Sell CAS.TO @ $4.54

I lost a couple of pennies on this trade so we’ll call it a bad call.

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