USU (Round II)
Oct 29th, 2007 by Trader-8
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wow, a home run ! Good job
You need a new acronym now….. SAM == (slow-as-molasses) NOT !
What a beauty … congratulations !
USU getting a little jiggy – we got a short squeeze early on friday. i had to run out, whcih is always my problem. like a 3-ring circus here some days.
…. i wouldda sold into that pop and bought back. remember it did this action last time, so taking partials might not be a bad idea – last time it jumped 10% and then took the pipe. i can tell by looking at it that we’re now over the 3-day rolling pivot, but we basically ran into the 34-day MA. we have some R just over 10 at like 10.12, so i might grab some cheese here. the short interest was pretty low on 10/15 at 2.41 and CCJ got a downgrade on friday, which may have given us our pop?
ive posted an updated chart 11/3/2007
yup, it moved up to 9.95 just under round number R and then PB’ed. i didnt get out, at the top, but placed an order at 9.91 – unfortunately never made it back up. lets see if i can snake outta 1/2 my position here.