Monday, November 17, 2014

VGGL Fishhooked it for profits.

So although I shorted VGGL after its first run and made good profits,  I was impressed with its resiliency. Despite what I might think of this stock, It's chart was showing the potential for a perfect Fishhook. I resolved to buy if it popped 3.50.  It did and I got filled @ 3.60.

I sold off my first lot at 3.80 and then 3.71.  I made .5R on the trade.   I was a too skittish to hold for the second move over 4 as one of my other trades was going against me.  Too bad because this wound up running all the way to $4.50

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