Wrestling with BRCD - by Eric F

Just wanted to revisit the BRCD trade idea I suggested back on 4/15-16 here on this blog: http://spiketradeblog.blogspot.com/2009/04/brcd-bull-or-bear-y-eric-f.html

Now the exit is so much more difficult than the entry in my opinion! Today I was 30 cents from Target #2 and it was dark cloud cover on large volume. It looks like it is going sideways here at $6 and its stretched from the EMA’s.

I told myself yesterday to watch the open but intentionally slept in and sat on my hands again. I know the gains at some point will need to be consolidated…when is the question and at what price. The stretch goal is $8…but I don’t have a crystal ball that works!

As I have said before- I hate Targets! I just want to sell when the chart says “Sell” on a technical exit or when the moving stop loss is hit…

Any comments or analysis would be appreciated.

Good Trading,
Eric F