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ACIA Powers Higher From Our Initial $35.35 Entry Level. Sell or Add? We Just Added

We covered $ACIA back in late May, when BotTrigger initiated a Buy Signal on this IPO. We took our 1st entry at $35.15 (trade posted here). Since then the stock continues to exhibit very strong momentum. Yesterday we have added to the position at $51.36. We don't need to be perfect with entries, nor will we ever be. Today's pullback should be welcomed and is very much part of any healthy uptrend.

Some healthy sideways consolidation here at new highs would be nice to see - as it suggests energy is being exchanged and recharging for the next leg higher. Expect retracement even as far as to the $40 level. That is very possible but based on the setup, that odds of probability are for higher prices first.

View our original post from May 24th here.

Some of the greatest pearls shared by Jesse Livermore:

“Money is made by sitting, not trading.”

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

“Buy right, sit tight.”

“Nobody can catch all the fluctuations.”

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

“It takes time to make money.”

“Don’t give me timing, give me time.”

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