Thursday, August 17, 2006

On the long end with Digital River Inc.

Well I said I was on the lookout for a good chart and I think I found one. Digital River (DRIV) broke out of a base yesterday with strong volume. The company provides outsourced ecommerce services to companies in the software and hightech industries.

The buy point was at 47.20. I picked up some shares yesterday (8-16-06) at 47.75. I'm not really convinced about the rally so I've set a stop loss at 6% below my buy in. Wish me luck.

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