Uranium stocks were on my watch list this weekend after they put a big move in on Friday. I targeted URRE because it had the smallest float and a higher relative volume than most others.
I watched the sector take off this morning. As URRE came in from 2.49 I bought it at 2.33. Some of the leaders like CCJ were catching a bid so I figured the bids would come in on URRE.
It turned out to be a very good trade. I sold 20% off at 2.54 rode the rest to 2.60.
Exit 1 2.54 +.21
Exit 2. 2.60 11.6%
Not a bad little trade I had enough size to make over 10%. Have I left money on the table, perhaps. But I would always rather sell when the stock is still going up than when bids are falling away.