After alert went to review chart and was already into spike after seeing where it could possibly go. Did caculations on if "worth it" was already into fall glad i held off and researched saved a loss

Entry comments: This watch list play is breaking yesterday's highs/multi-month highs on strong volume and has a new billionaire investor http://tim.ly/1PV57bD goal is to make 20-40 cents/share on a morning spike, don't get greedy and watch out if it can't break 3, but this could run given the chart and news
Exit comments: Exited for a few cents/share, tried to break past 3, but as I warned in initial alert,t his one is stubborn, maybe it breaks out later today like it did yesterday, but I can't risk it with my small account, I went in for a morning spike, didn't get it, so I play it safe, those are the http://tim.ly/sykes117 rules, not much risk given the news/chart, now onto the next!
| Date | Price | |
|---|---|---|
| Entry | 1/28/2016 | 2.885 |
| Exit | 1/28/2016 | 2.96 |
- Total Views1,403
- Position Size3,000
- Percentage2.6%
Hey Tim, when looking at stock chart patterns, do you think they are reliable? Or do you think these patterns change with time?