Friday, May 7, 2010

Trade 278: BSL long

Yeah the market could tank for another few days, we'll get setup with some longs anyways.

long BSL 1000 @ 2.47

- at major support 2.44, stops 2.34
- looks to fit the 'timing cycle' of this stock - next wave will be up, regardless of the exit point.
- RSI is at oversold levels.