Thursday, March 31, 2011

intraday plays:

FNSR -- was strong at the open.. Traded heavy vol.  Could have entered midday and still gotten a point. 
Strong, story name, volume, strength

IPI - traded 2x normal vol.  Created  classic 3 bump pattern over multi-day -- 3rd bump was low of day for .80 move.  Big vol. bar hit on low of day - 5 min candle.

Key is to go with trend.
Don't be afraid to buy in.
Set stop tightly -- will not get hit if you buy right.

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