Wednesday, July 28, 2010

Another Stockbee’s IBD 200 Strategy Update

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Another quick update on my Stockbee IBD 200 Strategy. The first stock that I purchased in testing his strategy through my simulator is Open Table, Inc. (NASDAQ:OPEN). The stock was purchased on July 12 and so far so good. Today, the stock closed lower on lower volume. The real story for this stock though is that it was highlighted in the IBD Stocks in the News column. I think this is a good sign that the stock was highlighted in IBD and am wondering how this will affect the action in the stock.

I've been watching volume really closely and am not quite sure what to make of it. Time will tell.

Earnings are scheduled to be released on Tuesday. You can learn more about the strategy from Stockbee's website. Check back with Stock Market Investing Today for more updates later.

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