Friday, December 31, 2010


Here is one a friend put me on to. FBC is a small cap bank that just broke thru a gap window (1st blue line ). It also is in a bull flag pattern as shown in red. A break of 1.65 it should run to 1st target 1.83 then potentally to gap fill (top blue line) at 2.25


  1. Now that the 1.65 resistance has been broke it now becomes support. Should this market break down and we go below 1.65 I would have my stop one cent below and protect any profit or chance of big loses.

  2. In premarket sold 1/2 position at 1.90 of FBC because 1st target of 1.83 was meet. That gave me 15% profit for a 5 day swing. Have a stop loss on the rest oft position of 1.8 so as to not lose any gains made so far.

  3. Got stopped out of my second 1/2 position at 1.8 still a 9% gain for a 5 day swing.