Tuesday, January 29, 2013

Trade of the day, SANM!!!

Not all bounce plays work, as you can see on the picture below. I thought SANM was a perfect bounce play in motion this morning, so went long 1000 shares at 10.20. Was looking for a profit target of at least 11.00, but my stop ended up getting hit at 9.99 and sold it for a -.21 point loss.
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

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