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We are watching DNDN for a upward move into the close. Our entry exit is:
The following is the individual issues we have identified for trading on 11/3/2011:
TARGET
Symbol: DNDN Trade: Long Entry Price: $6.60 Exit Price: $7.29 Stop Loss: $6.50ACTUAL
Symbol: DNDN Trade: Long Entry Price: $6.60 Exit Price: $7.01 Stop Loss: $6.50We are playing the gaps in this trade. We are not holding or going to carry a position.(WE ARE HOLDING 25,000 shares at an average of $6.61 till the open on 11/4/2011)
11/3/2011 4:05pm - We had to amend our trading strategy with DNDN today, as the market did not react toward $7.29 as we felt it would. We traded DNDN using a long/short straddle, in a trough between $6.50 and $6.72 per share. We made four round trips through the close.
