Thursday, April 16, 2009

Early Morning UAUA

This morning UAUA gapped down quite a bit. I bought 4000 @ 6.14. I bought these on the lower channel break that was made. I wanted to pull the trigger on these all morning. I stayed in the trade as it did not appear to be going against me. I sold the 4,000 @ 6.56. Most of the time frames (1,5,10,30,) I was looking at showed upper channel breakouts. I usually will sell on that unless I see large volume pushing up strong.

Here is the chart:


I'll add anything else I pick up a later.

I'm on the sidelines for now.

R

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