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Monday, August 31, 2009

Should-of, Would-of, Could-of...

But didn't.

So after my post on Saturday of calling SVA and Qdel a good bet. What happens?

I place a limit buy on SVA. That is to buy it as long as it does not go above a certain price. After all, if it jumps up, I figure that day traders will do a little pump and dump and it will go down and I will end up paying too much.

So what happens, it opens higher than my limit price and never looks back.

Monday SVA opened 14% higher. My limit price was 10% higher.

It then progresses to go up nearly another 40%!!! In one day!!!

That is a 53% gain !!!

That is not hype, that is hysterics!!!

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