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Ice Cold Traders
Posted On: 08/27/2012 10:19:25 PM
Post# of 474
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Posted By: coolnapz
Re: ranger #47

SMKY looks good on a pullback to 2 cents area


I hope you've locked in a little something at least on this play. The volume just spiked recently so that's where the bottom buyers usually pass the baton.


It looks like it put in a low in May, retested, and is just putting in a range right now. If it can break out look for a move to 10 cents which is the 200 DMA. I'd be interested in this play if I can see a bullish cross of the 20 over the 50 and then catch this on a slam down to 2 cents.


Buy the lows on the shakeout, then sell the rips!


WMqNZ.png


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