Tuesday, January 19, 2010

Tim Sykes' PEIX trade, Jan 12, 2010

PEIX day chart Sykes trade
I understand this was a long, based on strong momentum. Buy the way here a reduction in volume on January 12 is followed by a red candlestick next day. By the way Tim's fraction of the price action (bought at $2.31, sold at $2.35) looks tiny in comparison with the stock moves.

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