Know individual stock behavior

AMSC: American Superconductor

AMSC is up over 8% today in pre market based on a news of a new 100 million contract for supplying core electrical component to Chinese wind turbine manufacturer. For the kind of turnover AMSC has currently, it is a fairly big order. The order will be shipped over a year or so.

This stock was earlier in July up big on similar kind of news. This stock has a history of big moves which result in pullbacks. So you have to play it accordingly. Or at least that is what we did last time.The trade gave 14% profit in a day.

Entry= 30.23

Exit1 33.90

Exit2 33.90

Exit3 35.12

Exit4 35

Average profit= 14.05%

Days held 1

AMSC

30.23

29.50

7/30/09

29.50

33.90

7/30/09

12.14%

33.90

7/30/09

12.14%

35.12

7/30/09

16.17%

7/30/09

15.77%

14.05

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