MOMENTUM WAS STRONG EARLY THEN FLATTENED INTO A STEADY CHOP. THERE IS NO FREASH ACCELERATION RIGHT NOW.

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Entry comments: I wanted to wait for a dip but it keeps making new highs as this seemingly undiscovered AI play is being revalued after a blowout earnings win last night and even in this ugly market its been uptrending nicely all day so that makes me think it has more room to run next week, even if we get a Monday market drop. Similar action to many past AI spikers when they first got discovered, I only have a small position is due to the nasty overall market. Goal is $14+, cut losses under $12.90 support

Exit comments: No gap up so rule #1 cut losses quickly, small losses are fine and acceptable and part of the strategy, always remember http://tim.ly/clq

Fidelity

earnings news kept moving stop up it pulled back stopped out

Paper Trade - Recommendation - bought 22 shares at 13.34, sold at 13.00, loss of 7.48, 2.55%

Took in a pullback shortly after market open. Felt it was a chase so took the profit. This went up another $1.50. Plan was good and on watch list from previous day. Just unable to get to computer until late.

Earnings winner - Up trending easy chart

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IRIS Recommendation - sold when price hit stop loss