Tuesday evening

Tuesday Afternoon ... Fission ... I mean Fishin'

Looks like Paige and company found fish.

I'm jealous.  I grew up on the Gulf coast of Florida where our Paige is visiting.  I've been out there many times and caught my share of grouper, snapper, sea bass, etc. but I don't remember having a crew like this.

Tuesday Morning

Gator's Chart of the Day: FIO

If this looks familiar it should.  I posted this chart last Thursday morning.  I was looking for the stock to hold above support around 21.35 and suggested a quick dump if it fell below 21.30.  Well, it did trade at 21.14 on Thursday so I would have been stopped out if I had not missed trading Thursday due to doctor appointments.  Now I'm getting a second chance.

The Trade
I'll be looking for an entry as close to 22 as I can get and will take a 1/3 position below 23.  the stop will be about 20.85 as I want it below Thursday's 21.14 but I don't want to be stopped out on a bounce from 21.00.  If the stock starts to climb I'm looking for the 200 day moving average as a minimum move.  I would plan to add a little above 23 and move my stop up to insure no loss.  The last 1/3 would be added if the stock continues higher or closes above 23.