Posted On: 01/04/2014 6:57:59 PM
Post# of 2561
ACDU Daily Chart ~ A Gap Opening to New Highs
I sold my position Friday morning after the stock gapped on the opening and moved to .0062. As I've stated numerous times, I am not a fan of gaps. My latest swing trade here was purchased at .003 just three days prior, so a quick gain of 80-100% for those shares. The setup for a decline from the high .005s to .0062 was just to tempting, so I exited. A couple of friends I spoke with during the day did the same. I'll look for a re-entry on a dip as I think this is a good company. But I have to listen to the charts and lock in profits when they are handed to us. GLTA
I sold my position Friday morning after the stock gapped on the opening and moved to .0062. As I've stated numerous times, I am not a fan of gaps. My latest swing trade here was purchased at .003 just three days prior, so a quick gain of 80-100% for those shares. The setup for a decline from the high .005s to .0062 was just to tempting, so I exited. A couple of friends I spoke with during the day did the same. I'll look for a re-entry on a dip as I think this is a good company. But I have to listen to the charts and lock in profits when they are handed to us. GLTA
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