Trade Plan: BUY before market close (watch for the whipsaw)
Link to the Jump Report
Here is what happened:
(click to expand)
Commentary: Sure enough – there was big whipsaw move on this as it spiked down 3% and then see-sawed its way back up. They beat expectations as forecast and we got our nickel before we went home. We think this one has big upside potential still remaining (based on our data) and was held back so we are entering another long trade on the dip. But that’s another story. It’s always a good day – when we walk away with our nickel. The nickels are what adds up and makes this a business – not gambling.
Jump Zone Profit: 7.7%
UPDATE: Second Trade Long – Entry: Friday @ 67.19 Exit: 70.10 Profit: 4%