Tuesday, January 12, 2010

Tim Sykes' IDN trade, Jan 5, 2010

IDN day chart Sykes trade
The direction of this profitable trade is hard to tell from the chart -- in fact according to the chart one could have made money trading this stock either way that day. I am pretty sure Tim's intention was to continue shorting, following a successful short the previous day. In fact this turned out to be the day stock turned around and continued rallying. Tim's sell price was $3.56, buy price $3.48.

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