Tuesday, January 12, 2010

Tim Sykes' EONC trade, Jan 4, 2010

EONC day chart with Sykes trade
Again somewhat surprisingly, this trade idea was a short according to what I am gathering from reading Tim's site. Not sure when he entered the short trade. According to his log of recent trades, the buy level was $5.90 and the sell level $6.09. As usual the trade could have been entered not on the day it is shown in the chart. From the day scale chart, and again with the benefit of hindsight, executing this successfully seems hard to do.

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