Tuesday, June 12, 2012

SuccESs

In yesterday's after-hours trading session, I purchased EnergySoltuions, Inc. (ES) because I thought it was oversold. ES had a daily volume of over 32 million shares traded, almost 36 times its normal level of 850 thousand shares (3-month average). The stock was oversold and my gamble paid off with the stock up 7.41% to $1.74 at the close of regular trading hours. I cashed in and sold late in the day at $1.73. I bought the stock at $1.66 and made a 4.13% gain on the trade. After closing my position on EnergySolutions, I looked for more potentially oversold stocks. I did not find any that I found worth the risk, so selling was my only trade for today.

No comments:

Post a Comment