Bought Linamar (LNR.TO)
Price today closed at $66.65. I waited a day or two after the stock went down 13.88% on Wednesday to see if it will still go down. Charts using MACD, RSI and Stocastics show oversold. I'm not an expert in looking at charts so I'm just guessing here. The stock opened at $66.43 on Nov 10, 2017 and went as high as $67.14. I was thinking whether I should buy it or not. Near closing, it hovered around $66.70 to $66.75. I put a limit order of $66.72 when it was at $66.75 but didn't get filled for about 3 minutes, then it got filled and closed the day at $66.65. Did not really follow the 3 technical indicators as outlined in Rule 1 Investing which was probably a mistake. Linamar Delivers Another Quarter of Solid Earnings, Cash Flow and New Business Wins November 7, 2017 GUELPH, ON, Nov. 7, 2017 /CNW/ - (TSX: LNR.TO - News ) Sales increase 6.5% over the third quarter of 2016 ("Q3 2016") to reach $1.55 billion ; Net Earnings before non-recu