Thursday, January 28, 2010

IOC, +1.27 points, +4.5 R


Long IOC at 64.63, stop 64.35.
Out 65.9

IOC was down significantly for several days. I bought it after its volume jumped around 11:45, a pretty good indicator of a bottom. After it moved up above 65, I moved the stop up to 64.49. It came back all the way to 64.5 but I held on. It lingered for a good 1/2 hour and finally moved back up again. Got out near the 66 round number and also the previous congestion area.
at 11:20 PM
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