VRML Longs, Congrats...

For those of you who hung in there on the VRML trade, first put out on 6/29 at $3.88, congratulations; you should be sitting on a nearly 11% gain. Time to manage the trade. I often take partial profits on 1-day double digit moves, sometimes I take the whole position, but I want to lock in enough to guarantee a profitable or at least break-even trade.

 The white arrow s where the trade idea started.

 Here's the daily chart of VRML and why I was bullish on it.

Right now the 50 bar 15 min stop is quite far off, but it should move up pretty quickly. If you want to discuss other options more specific to your trading style, just email me.