As per last night's watch list, MCHX was trading up in pre-market so as soon as it took out the pre-open bar, I went long. 50% profit was booked at the 10:00 - 10:15 reversal hour. I exited the balance just under $23.00 on weakness in the afternoon. I was busy with other things so this was my only trade today.
Friday, April 21, 2006
Trade of the Day - MCHX
As per last night's watch list, MCHX was trading up in pre-market so as soon as it took out the pre-open bar, I went long. 50% profit was booked at the 10:00 - 10:15 reversal hour. I exited the balance just under $23.00 on weakness in the afternoon. I was busy with other things so this was my only trade today.
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