Sunday, October 17, 2010

A speculative play

I decided to do a separate post on this setup as I wanted to stress the fact that it is highly speculative and has the potential to run big, either way. So, please honor your stops in case you decide to play this one. After running up from around 3.5 to 6 in just a couple of days with huge volume, the stock has pulled back on lower volume for three consecutive days now. I like it here with a stop at or just below 4.50. Again, this is highly volatile but I like the risk/reward ratio here.

I will be back here looking at important levels and possible scenarios for next week and also with the Chart of the Day.

Take care and good luck!

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