Saturday, February 27, 2010

Tim Sykes' CNLG trade, Feb 1, 2010

CNLG day chart
The stock was sold short as a pump&dump, and you would not be able to tell that from this chart -- need a finer scale data. What is remarkable here is the fact that Tim sold the stock short on the day of a huge break-out. Certainly if there is a technical side to this trade, it does not lie on the day scale. A profitable trade for Tim, he sold short at $4.30, covered at $4.19, according to the log kept on his site.

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