Sunday, November 1, 2009

Tim Sykes' CBOU trade, Oct 20, 2009

CBOU chart day Sykes trade
I continue my studies of Tim Sykes' penny stock trades, based on the freely available info found on Tim's site. This CBOU trade was made on October 20 with the "buy" level at $8.93 and "sell" level at $9.06. The stock was down on the day but the trade is listed as profitable. The movement is tiny on the big scale of things in the chart, I assume this was a long trade and an attempt to buy a break-out, based on the previous day's data. The stock had no news that day. Unfortunately no intra-day data but I figure it takes some skill to close such a trade with a profit.

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