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Ep. 124: Jim Roppel: Liquidity, Cushion and 30 Years Of Studying Bill O’Neil

Investing With IBD

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How to Buy Stocks That Have Overhead Potential

There are some really good stocks that have a ton of overhead right now. I think cloud flares an example of another, I'm sorry, snow broke out yesterday just like it broke out three weeks ago. It got hammered back. And Jim also with that earnings reaction, it was a monster move on that day. But when you look on the weekly chart, it was also a breakout of a much larger base into all-time highs. So it was a wonderful breakout on 9.9 million shares. But the overhead, I think was just too much and it rammed it back.

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