This one was a buy at support, except on Monday move it gapped up and then consolidated, I bought at 18.80, see the inset on the screen cap.
Volume is pretty OK at 600,000 per day. I wouldn't worry about doing 2000 or 4000 shares with that daily volume level, if you wanted to make it a "bigger trade" and potential to profit maybe $4000 or $8000. I took this one as a small trade, 600 shares.
It is now at 12.2 -- that is about a 3.4% move up in one day, which is fine. No huge dollar profit on this one, but I already moved up my stop to a small profit, If I get 20% great, but at least the risk has been eliminated from the trade. Of course it could gap down and take a big hit, but not too likely.
I have to say Stevo. I've been looking at your site on a regular basis for about 6 months now and you seem to almost always be "ahead" of the next move. Unbelievable is all i can say.
ReplyDeleteThanks, planning on quitting my "day job" next year, and playing these little breakout stocks (as a job), made $1000 on this silly investment in 1.5 days., using only $6600 of capital
ReplyDeleteNice. I play equity/ETF options. From Hawaii originally as well. now living past 6 years in Sunny Denver, CO. All family still on all Islands.
ReplyDeleteCool what islands?
ReplyDeleteOahu, big island and Kauai. FYI, i"m on the waiting list for Spy system.
ReplyDeleteI did the Oahu, Maui, Kauai route myself. Liked Kauai the best, but very limited work over there.
ReplyDelete