As mentioned in this week's playbook [
Playbook for the Week] based on a solid chart and some great news late last week [
Jan 9: American Science & Engineering Awarded $67M Defense Contract] ASEI is a name I wanted to get established this week. With the market acting poorly I am hoping to get a lower price, preferably $73 (20 day moving average) or $69-$70 (50 day moving average). But I am going to establish a tiny foothold today just to get it on my sheets as the stock is down from $80 to $75s.
Starting with a
0.4% stake in
American Science & Engineering (ASEI) just over $75. I have limit orders ready to hit at the levels mentioned above to make this position more material.
[
Dec 30: American Science & Engineering - Very Promising]
Long American Science & Engineering in fund; no personal position
Starting with a 0.4% stake in American Science & Engineering (ASEI) just over $75. I have limit orders ready to hit at the levels mentioned above to make this position more material.
