Monday, November 10, 2014

Day Trade URRE

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.

Entry: 2.33
Exit 1  2.54 +.21
Exit 2. 2.60  11.6%
+ 1R

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.

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