Update STKL Buy, JSDA Cover
STKL
Purchased additional shares of Sunopta Inc. today at $12.55. I pulled the trigger prior to the conformation today, nonetheless STKL's stick sandwich formation was confirmed with the formation of a high volume long white candle stick and subsequent fresh 52-week high at $13.11. I am most certainly looking forward to Q1 earnings in early May.
JSDA
Covered my short position at $25.85 today for a 10.92% gain. I don't really have any concrete rational for covering. The chart still looks terrible and JSDA is still totally overbought. I guess I will use to old tried and true cliche, "A gain isn't a gain until you close the position." Going forward I will short additional tests of $29, since resistance is firmly entrenched at that level.
1 comment:
Nice trade on jsda.
I'm still thinking any day now STKL will soar.
This low volume consolidation has got to be giving the shorts the fits.
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