BGU - CMG 7/22/14
CMG reported strong earnings and is having a buyable gap up out of a cup-with-handle formation. Earnings and sales are re-accelerating. Various buying strategies could be used depending on one's risk tolerance levels and degree of portfolio exposure:
One could buy a partial position at the open and wait to see how it trades, then buy the rest later in the day.
One could buy the whole position at the open.
One could wait for the price to stabilize after it opens, then buy. But one runs the risk of the stock gapping up then moving appreciably higher before it stabilizes.
As you can see, various risk/reward scenarios are possible.
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