Bought 60 shares at $72.15. We got some nice mid-day panicky action here and even though it’s holding near its lows, I can’t help but think this is a double bottom in the $71-$72 range. If it cracks $71, I’ll sell, but I think this can surge to $75-$77 pretty easily if the market tries to make an afternoon rebound. We’ll see, definitely not a perfect play, by any means, and that’s why it’s only a half position…
UPDATE: Sold my 60 shares at $73.24, a nice $60 gain, as much as I’d like to stay in this longer, I don’t trust this market, this isn’t a perfect pattern and well, this isn’t an ideal play because due to my limited reserves, I can’t take a very big position. C’mon gimme some low priced low floater claiming to be able to monetize cloning–now that I would load up on!
