Just made .6 points on EMLX...fun stock to play. In and out. Playing the odds by watching the TICK, Futures, and noting that the stocks with strong momentum may actually go up if the futures just stabilize. EMLX has hit about 32.50 and held a few times today, so when the TICK turned positive it was worth a shot. It will probably go higher, but taking a quick profit is a good move, imo, if you are not certain a trend up or down will continue. Greed is always stupid, but especially in this market. On these sort of neutral days, if I can make good money in 5 minutes, I take it.
This is the type of move that some of us with real time charting and indicators can make. I am not the best daytrader or scalper, I prefer the multi-day trades.
I picked EMLX and AMCC around $11-13 3 weeks ago here on SI. Those are the kinds of plays I love most (buying when everybody is throwing in the towel or shorting), but scalping can be fun too. |
