Sunday, November 1, 2009

Tim Sykes' AWSL trade, Oct 26, 2009

AWSL day chart Sykes
On Tim's site, the date of this trade is Oct 26 (Monday), buy price is $3.24, sell price is $4.10. As is seen from the chart, Oct 26 could be the day when the trade was closed but the trade itself must have been entered one or two business days before. On Thursday it must have been clear that the stock gave a crack. One could question the reason for closing the trade the very first thing Monday morning despite the fact that the stock opened with a downward gap, but on the other hand, desire to take profit is understandable in such a situation.

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