Longed 1000 lots of Spackman as the stock was at the bottom and recently the penny stocks seemed to be in play. Although these penny stocks were in play, they were pretty much short lived as it looked more like a 1-2 day break out and then simmer off. I am looking for a scalp trade for this counter and won't be holding it for long since it's a penny stock. If it moved up to another 1-2 pip, I will be taking profits since I know this trade won't last long. Should the stock turned sour, I would look to take a very small loss.
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Ronald K - Market Psychologist - A Stock Market Opportunist
