SNDK trade

02/09/11

Got whipped out at the open today. High was at 50.72.

Lessons:

-- I did not scale in and scale out. Needs to watch price action and scale in and out accordingly.

-- Exit on the CLOSE of the day. The confirmation comes on the CLOSE of the day.

Still watching. It could be a breakout back to 52 and above, and it will retest the 50 DMA and go back down.