Wednesday, March 7, 2012

DRRX Trade Idea Follow Up

If you took the DRRX trade idea from 2/13 you are up 8.75% today.

 On 2/13 the price was $.80, same as yesterday's close, so it's up 8.75% today.

It seems like there was pretty good confirmation in the move today.

However, please remember these are C&D speculative trades, they can make some pretty insane runs, but they can give it back just as quick if not faster. My rule of thumb is to take at least partial profits on any double digit gain in a Cays and Dogs trade and if it still looks ok, place a trailing stop behind the rest of the trade.

If you are in DRRX and have any questions about the chart or what some potential trailing stops would be, feel free to email me.

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