HGSI-100% pop today

I'm not going to take bragging rights on this one, although I hope some members stuck with the trade, if you did stick with the HGSI long idea from Feb. 28th, let me know-I'd love to hear it.

HGSI Today...

Up 100% in 1 day.

The point of this post, it's not bragging right, it is more 3C related. Going back to the HGSI post of Feb 28th, here are a few excerpts,

"HGSI was an earnings play, we had several members make $500-$1000 in after hours. I would point out, that because of AH trade conditions and retail's willing ness to chase, that is usually where you will see maximum gains.

That being said, when HGSI was mentioned, I said this positive divergence could also be related to something else like a drug in their pipeline, FDA, etc. We saw something similar with the RIMM earnings which beat, but the next morning it dropped 9%, we held because the 3C charts still looked good, a few weeks later they had a MAJOR shake-up and replaced their dual-CEOs and RIMM rallied, we made money on that position despite the 9% drop.

So in short, I still like the looks of HGSI as a long trade, here are the updated and long term charts since earnings.

 Bottom line, I still like HGSI as a long."

Obviously the bold print is the key.

And why is HGSI up 100% today? 

Human Genome Shares Soar on Glaxo Bid

As I have said many times before, we can often see what smart money is doing, but if we wait for the reasons why, we will not profit from our observations.

Now, PLEASE, someone tell me they caught this move!