SIMG, rebound play ?

[Ramsburg]

SIMG had an interesting session yesterday, with a big and powerful rally with strong volume. That happened after an Investor / Analyst conference during the morning (no news yet).

With this, SIMG had a breakout of its descending pattern, closing above the current trading range (top at $9.00), and entering the last range with a top / resistance at $10.00, the volume trend is interesting too.
I'm not sure what's going on, but SIMG must be on the watch list.

A possible trade here could be a rebound play, buying it now and setting a tight stop (for example $8.50)

Regards,

[SmartWrasse]

I was in that idiotic stock for about a year trying to be an "investor" aka bagholder.  Sweated bullets and broke even.  Management must be absolutely despised on the street. 

Interesting as a trade, but I would hate to hold that mutt without some serious strength.

[dwest718]

First post in a while for me ...

I watched SIMG come up on my screen for about a week straight almost a year ago and it looked pretty solid every time .. And then I watched it have a huge bounce of more than 10% and it went from $7-$12 a share and I did nothing about it... interesting to see that I probably would have ended up losing money because I would've only sold half at the top  .   This thing is a good trade though.  I think a little more than 10% might be in play... MACD divergence is nice and the bounce is even nicer.