I messed up the trade by covering too soon and playing too small, but this is a good example of how alerts can help you. I alerted CHGY and shorted it on g/r and it ended the day down 6.85%. The following are excerpts from Tim Sykes’ chatroom that I moderate.
[Apr 8, 2010 9:52:16 AM EDT] SonofA Anyone think CHGY has legs?
[Apr 8, 2010 9:52:42 AM EDT] Reaper doubt it CHGY
[Apr 8, 2010 9:52:46 AM EDT] BIGJ CHGY promotion ended yesterday from lebed as far as i know but CHGY has messed up a few of us
[Apr 8, 2010 10:00:03 AM EDT] SonofA I’m circling CHGY it’s still riding
[Apr 8, 2010 10:05:40 AM EDT] SonofA CHGY HOD 3.85
[Apr 8, 2010 11:15:33 AM EDT] Reaper CHGY red
[Apr 8, 2010 11:19:43 AM EDT] Reaper CHGY went g/r now fighting back
[Apr 8, 2010 11:21:02 AM EDT] Reaper I took 1k short @ 3.61 CHGY but I don’t like how it trades so won’t do more
[Apr 8, 2010 11:21:43 AM EDT] Reaper 3.55 lod CHGY
[Apr 8, 2010 11:25:13 AM EDT] Reaper 3.47 lod CHGY
[Apr 8, 2010 11:26:14 AM EDT] Reaper covered half my CHGY will hold the rest for now
[Apr 8, 2010 11:29:11 AM EDT] Reaper covered rest of my CHGY … tiny gain but oh well … it adds up
[Apr 8, 2010 12:23:32 PM EDT] Reaper CHGY 3.40