Factual Data Corp (FDCC)

FDCC This is another case of knowing just enough to get in trouble.

The decision to buy was a good one. The stock had broken through the resistance level defined by the peaks in December and January. The price breakout was on much higher than average volume.

Two weeks later I lost courage and sold after some down days. Now I recognize that it's perfectly normal for a stock to "give back" some of a particularly steep climb. And a 7.5% profit for two weeks ain't half bad.

Where I made my mistake, if you can call it that, was in not jumping back in in mid-April after the chart formed one of those triangles. What scared me off, and I remember it distinctly, was that daily volume of shares traded dropped very low. As the Motley Fool web site says, "That's too illiquid, Fool."

Oh, well! Another case of getting off the train too soon.