On February 22 we detailed how we would take on a position on GLUU Mobile when it was trading at 2.35. As of today as it is referenced on the chart attached it has busted through the Kumo and is trading at 3.78. Roughly 50% higher. At this point we would exit half the trade for the Long termers and look for a pullback to the Daily KS for an add back. All of our reasons for buying this which were mentioned on Feb 22 are still intact.

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EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

About the Author David Terk