Today went ahead and played an PR breakout. Noticed SPU PR this morning on Yahoo InPlay. Looked at the daily chart and saw a strong resistance at the 2.00 level. Set my buystop and got filled at 2.02, took half at 2.14 +6%, took another 1/4 at 2.20 for another 8.1%, and stopped out last half at 2.02 (buy-in).
These PR stocks can be huge when you put them with a chart breakout. Now not only do you have people chasing the PR but now you have people waiting on the chart breakout. Put these two groups together and you can get some serious runners. This was a quick 5 min play!
{denvideo http://www.youtube.com/watch?v=wsxzYcX51Xs}
