Wednesday, February 24, 2010

Trade Details Of Integrated Silicon Solution Inc. (ISSI)

Trade Details Of Integrated Silicon Solution Inc. (ISSI)
Well a couple days after I got in it finally happened.
It was only a matter of time before this stock would have a pull back and stop its parabolic move. I got into this stock way to late at $8.40/share which I am disappointed with myself for not jumping in when I wanted to at $6/share when it made its first breakout!

The Trade
I went long on ISSI at $8.40 and as it went up so did my stop. As I new the stock was approaching very heavy resistance I had a feeling that this might be the time where it would pull back. In response to this feeling I moved my stop up quit a bit to lock in some profits. Yesterday was the day it sold off over $1/share, I was stopped out at $8.71/share very early on. I made roughly 4% on this trade, which to me a profit is a profit.

5 Day chart where I bought in and where I was stopped out at.

1 Year Chart


This is a great stock and with a company that looks to be turning around their business model. As the blew away earnings last Qtr this will still be a great company to invest your money in. Since this stock did do a pull back I will look to go long on it in the near future as this stock can obviously run when it wants to. Congrats to those that got in early when I posted my watch list where I first mentioned this stock and made some killer profits.

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