this am you asked me if I was all in on sqi.....let me lay out what I try and do, because all plays can be different. On sqi the other day I spent some time on the chart and decided that sqi most likely was going to retest the .42 area so i went long , mentiong that on the hub, and over the next several days bought any penny or so dips . This gave me my starting point and I would not add until things started to happen. I recognized the target and once hit hoped for a retest which was the gap or breakout area...I missed my fill .005....they closed the gap only........now the target became the days high, once moved thru I knew we were open to higher levels...but also that it may retrace again so I moved my order cutting the size just abit to .42 and got the fill.....so now I wait with the intention of buying dips and looking to sell [hopefully..lol] at higher targets...........
My first intention was to sell the .42 but when kinross bought underworld and Peter started to mention the properties....combined with the volume i saw...I took selling for the time being off the table........so now I have patience holding a chunk of an undervalued company and will sleep well holding it......hope this helps with your trading...Chris