Did a super fast scalp earlier in Valuetronics as the stock looked strong and the buy queue looked stacked up. The stock slowly trended down in the morning and all of a sudden at 1.08 the buy queue swell and the sell queue depleted where quickly 100 lots was traded on the long side. The stock then rose fast to 1.12 and that's where locking in profits starts. See the minute chart, see the steep rise and see how the profit taking happened. It's a fast scalping trade so as not to suffer casualties later. The stock is now trading at 1.06 below the entry price. What a close shave..:)
Ronald K -
Market Psychologist -
A Stock Market Opportunist
