Tuesday, May 24, 2011

VRML Follow up

VRML was brought up as a trade idea twice on Friday, May 20.

This morning it's up 12-14+% on the day. If you are in the trade, keep in touch today. What we would like to see is a close near the top of the daily candle's range and heavy volume, even if this is all the gain we get today, the close near the top of the range is important for follow through buying.

Short term traders, there's nothing wrong with taking a double digit profit, but that all depends on where you got in. For those who may have missed the trade, there may be a chance on follow through buying for tomorrow, but that assessment can't be made quite yet.

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