Sometimes doing a little due diligence can really pad your pockets! For those who traded SINO today - Sino Global Shipping America - they were rewarded a 53% gainer from open.

It was up nearly $7.50 today not to mention the $2 more dollars it spiked after hours. Now, do I think this will continue straight up? No probably not, not straight up but rather some spikes (especially out of open get everyone interested and chasing) then some walk downs, trying to fake all longs out and get shorts interested in short selling and before you know it the big longs will have accumulated the float yet again and shorts will be left covering at new 52 week highs (as we saw with FPP, MXC, and PDO). This is an EXCELLENT trade during the day and if you’d like to share your insight, trades and/or have questions feel free to join chat during trading hours (the more eyes the better and we have definitely been growing!) If you didn’t read last nights thoughts please be sure you do! HERE. Mid day update HERE today as well.

Tags: SINO

This entry was posted on Thursday, May 22nd, 2008 at 11:29 pm and is filed under Recaps. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.