THE TRADING STOCK LOUNGE

[Little_Giant]

I traded it from 0007 to 0023 today. An absolutely sick move on 3.4 billion volume. After the near 10 bag move, it channeled nicely in the 0013-0017 range holding most of its gains.

I think it has another move tomorrow morning as peeps digest the information tonight get excited to buy tomorrow. However, if I was a buyer at the end of the day, I would be selling into the morning spike.

I'm a pretty conservative trader, so I didn't re-buy later in the day. The 7.4 billion O/S scares me a bit. The O/S is maxed, and the biggest concern going forward is going to be a R/S. I think that happens sooner rather than later.