What a rideBought at open 100K sold at lost ave $1.77.Short...

What a ride

Bought at open 100K sold at lost ave $1.77.

Short another 100K at $1.76 and $1.75 when the $1.78 did not get broken up. Bought back too early.

Bought a 30K parcel at $1.38 and sold ave $1.60. Thought it would hold around $1.45 mark (VWAP on Mon)

Short another 100K at $1.67 (yes the 50K short in 2 lots are mine). Bought back ave $1.61.

Total profit today ~$14K. Great start for 2014.

Too easy to trade this type of volatile stock, esp when the stock went back up just past the VWAP at $1.69 it was a signal to sell.

Also today's gap up is a great set up as I mentioned last on Tues, that the shorts are ready to push it down based on the downtrend channel btw 11:30 and 13:30 on Tuesday.

To me today's candle signal a change in sentiment. Buy sell ratio has also changed. Looking to trade from both sides of the coins.

cheers
pcyc