Wednesday, January 20, 2010

Tim Sykes' PEIX trade, Jan 14, 2010

PEIX day chart Sykes trade
This is a bet on the continued downward trend in PEIX after the convincing move down the day before and an opening with a gap down. According to Tim's log, he sold at $2.05, bought (to cover) at $1.96. Tim was able to time it accurately on the way up as well as down.


PEIX chart 3 months of day data
By the way, the longer time-frame chart puts the stock into the stair-stepper category.

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