Friday, June 18, 2010

Trade 326: long ESI @ 0.044

Bought 34,000 ESI @ 0.044.

- The price has broken out, stops can be below 4.2c or I can reload at 3c. Still need to think whether I want to hold this short term or long term.

If the market is falling and the stock falls 3c, but the market is moving higher, then I'm inclined to buy more, but if the stock falls to 3c whilst the market is falling, then I might stay with the original position.