Saturday, October 2, 2010

Another speculative IPO long trade...

VPG consolidating beautifully just off all time highs. A break above $16.00 would signal entry with a close on massive volume above the $16.00 level confirming that the trade should be held. If it moves back below $16.00 and looks poised to close there especially on high volume, then take atleast half off looking to either let your stop take you out of the rest or to reenter your second half in the next few days on another breakout attempt.

Good luck and good trading!

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