Trade #99 – Nice Bounce

In Trades by JCLeave a Comment

$HART started popping up on my momentum scanner and in my Twitter feed this morning soon after the open. The CFO recently purchased about $50,000 shares to bring his total shares owned to roughly $200,000.

Outside of an upcoming scheduled conference and the insider buying I couldn’t find any recent news to explain the sudden rise in price. The volume was there and it appeared to be pulling back for a run to $8.00.

I didn’t want to be greedy and lose on this one so I bailed at $3.05. After I sold, $HART got as high as $3.23 before slamming back down to the $2.90 level.

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