Hammy Trade: SPRD

Bought SPRD at 1.919...

This is a little bit extended from the breakout point around 1.80, but still not a bad intra-day trade. This is a pure breakout play on a penny stock, and I don't intend to hold it too long:

My assumption is that we're seeing another typical penny stock breakout. This will be proven wrong if the stock goes down below the break-out price.

I will sell for a loss at that point. I will sell for profit at a 7% gain.

UPDATE:

Sold at 1.93 at end of day. This was a pretty stupid trade, now that I think about it.