Wednesday, September 12, 2007

Weak Trade

I traded FLML this morning. Saw an upward swing with increasing volume, I bought it as I was pulling back, or so I thought, ended up selling off big time. Got in a little too early. Saw that it was establishing a new low with decreasing volume. Downward momentum was starting to pick up so I decided to get out.

For the rest of the day it's been trading around 10$ so if I would of held onto it I was still would of lost a little bit of money. I'm glad I cut it when I did because it ended up falling a lot more today and If I saw that I probably would of sold it then for a slightly larger loss.



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