Monday, March 26, 2007

Today's Trade: SMSI and TZOO

I sold my remaining 500 share of SMSI at $17.98 (entry at for a $15.96) for a $1,010 gain (+12.6%). I entered on an NR7 pullback to the breakout point. My exit was timed at recent highs, although I do think this stock has the potential to breakout to new highs.

I also bought 500 shares of TZOO at $37.72. I originally was looking to enter on a slightly deeper pullback, around the breakout point at $36. However, it looks like a high and tight flag pattern is forming, so I'm willing to get in early.

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