I live traded this, made some profits on it, immeditaley switched to Paper Trading as I'm out of Day Trades, I saw a BULL-FLAG forming so I bought in anticipation of the BREAK-OUT.
great...it was hard to catch the peak at almost $13...dropped to 11.59 before the shares sold...it was a very sharp, quick peak...now, it's back to 9ish...
@sealwg this is the kinda stock, you wanna just jump in and out real quick, I for one like trading CHART PATTERNS as it is predictable, in this case I case I saw the BULL FLAG and jumped right in, after that it got really over-extended, once it reached it's highs, it became unpredictable.
good move...what price did you get the position?
@sealwg thanks, I think I got it at around $8.65, way before the break-out, it had strong MOMENTUM so it had to break-out.
great...it was hard to catch the peak at almost $13...dropped to 11.59 before the shares sold...it was a very sharp, quick peak...now, it's back to 9ish...
@sealwg this is the kinda stock, you wanna just jump in and out real quick, I for one like trading CHART PATTERNS as it is predictable, in this case I case I saw the BULL FLAG and jumped right in, after that it got really over-extended, once it reached it's highs, it became unpredictable.
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