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caltrader

04/06/10 12:37 PM

#96335 RE: timmyjames #96328

BillyJack had a great post about looking at volume times how many days is the target. If that happens at $1.00, $2.00 or $5.00 then set your sell points from when the cover starts instead of setting a SP target until you know its "game on".

PLMG had a great idea for those that can't watch all the time, just set a volume alert and you'll be fine and less likely to do something crazy like sell into a bullshake. Since we know we need 40 million plus to cover which is 4-5 million over 10 days.