While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to the six-month time frame, Mad Day Trader, provided by Bill Davis, will exploit money-making opportunities over a brief ten minute to three-day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
As I mentioned when I issued the alert, NLS reports on the 25th.
I don't want to wait around until then to close the trade.
My suggestion today is to book the profit on the trade.
NLS is trading at $8.11. My suggested is to sell NLS at the market.
The gain will be $0.45 per share. Based on the suggested buy-in of 600 shares, the total gain will be $270 in 8 days.
This works out to about 6% for the 8-day holding period.