This is a Cats and Dogs trade that trigged on 1/13/2011 at $1.58. It made nealry 18% on a closing basis and nearly 23% on an intraday basis. There were follow up post suggesting a pullback and that the bease in SBCF is big enough to support a move to the $2.10 area, perhaps more. Well it's pulled back and has earnings after market-That makes this a double SPECULATIVE trade, but it may be worth a shot. RISK MANAGEMENT is KEY!
There's been some recent accumulation and the pullback is well within the normal trading characteristics of the chart.
10- minute accumulation as price trades laterally and 3C rises.
The long screen signal remains long and the pullback is to the 10-day moving average which makes perfect sense. I'd say it has the look of a stock that is ready to launch a new leg higher and earnings may be the catalyst to light the fuse.
Remember both earnings and C&D trades are speculative trades, for me that means money I can afford to lose, but they also have shown an overwhelming tendency to give us double and triple digit returns.
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