Tuesday, March 10, 2009

LONG SSO

bought: 16.15
sold: 16.19

reason for buying:
  • nice high volume breakout from wedge
  • buying on 1st pull back
  • unable to buy more during pull backs
reason for selling:
  • didn't get a big size..which i should have..unable to scale out, so got out with small profit.
  • sso hitting 10dma a potential resistance
  • didn't have much conviction from the freaken wicks whenever it hit 16.20...
update:
  • stock went through to past 16.25 on high volume after i got out...damn just wish i had gotten bigger size.

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