AMSC: American SuperconductorAMSC 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% | 35 | 7/30/09 | 15.77% | 14.05 |
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