Hammy Trade: PLLL

Tuesday, May 12, 2009

Hammy Trade: PLLL

Bought PLLL at 2.21. It's currently at 2.08, down 6%:

It's not a horrible pattern, but also just not a great one. It's just about failed, and I'll probably sell soon for a 8% loss.

Update: Out at 2.05 due to stopping out.

Update 5/18:

I don't really think this was ever a "triangle pattern." Also, notice the price action around the 100 DMA

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