TraderWise

This is my first foray with auto supplier Magna International (MGA), hence due to that factor plus when I bought the stock the S&P 500 was being kicked in the groin on a daily basis I started off with a modest position of 1.3% or so.  The stock held up really well (versus my purchase point in the $74s) during the remaining days of the selloff, and bounced smartly the past 2 days.  It is now back to the old highs so either its going to face some resistance here or break out to new highs.  I will cut the position in half with a 11.5% gain in just a few days.