Video Blog on our trade in SCEI. this type of play is one of my bread and butter plays. when a stock gaps up in the morning whether its earnings or a pr that brings it to my attention. If the piece of news is coincided with a breakout chart that can setup a very powerful move. Today scei had news that it was aquiring a rival. Now Im not an analyst and can barely read so i dont try to figure the pr out. I just look for the market to tell me if its good or bad. When I see the gap in the morning with some volume coupled with a huge breakout chart I know this is my play of the day.
We bought this stock at 2.26 sold at 2.39, 2.52 and i did a couple scalps in there also