Hi MOJO Trader,
HILL = the stock set a daily high today of $3.1399 ( they couldn't print $3.14 gimme a break)
Now, it's back to $3.00 X $3.02 - MOJO sold half with average of $3.11 - now go ahead and bid for that back at $3.00 and $3.01 and get the 5,000 shares back in there would be ideal :)
SIFY
= have a new position for a trade play on those earnings coming out before the market opens tomorrow. Long at $2.60. The risk reward is like $2.00 of risk for every $10.00 in profit. This stock could be that morning gapper that goes from $2.60 to $3.30 and is up $.70 cents - now wouldn't that be nice.
Email from this morning: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It's a beautiful morning for MOJO Traders. Coffee is tasting extra good out of the MOJO Coffee cup :)
HILL = the stock is finished yesterday with an impressive close. Now, pre-market the stock is trading at $3.17 $.18 $.19 - see Level 2 Image at 8:30am Now at 9:00am it's $3.12 ASK.
Let's plan on selling half into the rally today from $3.10 to $3.15 with an avg of $3.13 would be a nice trade play. After selling half I am getting back on the bid and buying the weakest point today which I plan around $.15 to $.20 cents from the premarket high of $3.19 which is $3.01 to $3.05 SIFY = the stock finished yesterday with 1.7 million shares traded. Today, pre-market it's traded 37,000 by 9:00am and is trading $2.65 X $2.70
This could have some MOJO to $3.00 today. The stock has moved $.40 cents in one day in the past. That would put it $.30 cents higher than it is now at $2.70 which is $3.00. So the trade play from $2.60 to $2.90 on 5,000 shares is $1,500 profit and 11% ROI. The volume is the key and with the same volume as yesterday the stock should trade like this. On the open it should dip on profit taking. If there are "Real" buyers before "Great" earnings on 10/25 then the targets of $3.00 and higher are very attainable as the original trade play has been since $1.98 Sify Technologies Limited (NASDAQ NM: SIFY), a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, today announced that it will report its unaudited IFRS financial results for the second quarter ended September 30, 2013 on Wednesday, October 23, 2013 before the market opens.
HILL for the buyback at $3.00 - $3.02 |
Thanks for reading, and profitable trading! ProTrader Mike
email: info@mojodaytrading.com
Skype: protradermike
website: http://www.mojodaytrading.com
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