Very similar to the ERTS trade I posted earlier except CREE was a continuation long breakout and ERTS was a long off of a bottom. Both were posted in my watchlist last night. The play is a break of yesterday's high. I noticed that CREE had a failed breakout yesterday afternoon. Today's action was a total success. I exited 50% of the positions at the 10-10:15 reversal hour and I was stopped out on the remainder.
Tuesday, March 14, 2006
Trade of the Day - CREE
Very similar to the ERTS trade I posted earlier except CREE was a continuation long breakout and ERTS was a long off of a bottom. Both were posted in my watchlist last night. The play is a break of yesterday's high. I noticed that CREE had a failed breakout yesterday afternoon. Today's action was a total success. I exited 50% of the positions at the 10-10:15 reversal hour and I was stopped out on the remainder.
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