SIR is a short term play

Now SIR is trying to make a floor a react at least a bit ... this is a stock where I would like to apply the rule: «a good trade is profitable right from the start».

This means the stock will give us money right away or it won't give at all. Yesterday it closed at $6.91, a little bit above the last short term high at $6.87. Volume was above average:



SIR will probably give a shot up to the first resistance, at $7.78. As I said, we can't give much room to this baby ... so if it closes below $6.87 we must leave it.

Trading Plan:

1) Buy at the open
2) Sell with profit at $7.7
3) Sell with a loss if close<$6.87

David Randolph
www.3stocksonfire.org