Replies to post #302 on David's Trade Journal

[david_3011]

Trade Journal: Cogent Inc. (COGT) UPDATE

Added equal number of shares at $30.66 to average the cost down to $31.75.

Shorts have increased about 30% from June, and is now at 3.2 days to cover. Very interesting short selling action all day today, which resulted in closing below the lower end of the February gap ($31.40). Otherwise, no other major technical damages noted.

Long term hold with an eye on both "low monitors" of the RSI and the DPO plus the 20-day moving average. Target price near $37 or a 16% gain.