Navarre Corp.

NAVR

Company. Navarre is "a leading distributor of propriety and non-propriety home entertainment PC software, music and DVD. The company’s customers include a wide spectrum of national and regional retailers." (company website)

Buy. I bought NAVR last week when it broke the $12 level on very high volume. The trend was very strong (rising black ADX line), and buying pressure (green +DI line) far exceeded selling pressure (red -DI line).

Sell. Yesterday, NAVR made another new high on good volume. It opened higher today, but then drifted lower. Lest that be a sign of topping out, I decided to sell and put the modest profits in the bank.

I find myself becoming more and more cautious as a result of my rather dismal track record the past couple of months. Whereas I used to think of "success" as $1 profit per share, I now start to feel quite pleased if the price rises 50¢. I've also started to hold for much shorter time periods: instead of a month or two, of often seems prudent to sell after a week or two.