Wednesday, July 10, 2013

MLNX bad example

$MLNX gapped up this morning but I did not call it since the 1 min and 5 min charts look bad. Also look at daily, it hardly moves. If you see such plays, even if it gaps , do not play it because you will not get much out of it. It is a wasted effort. The volumes are so low that it is played by novice not by professionals. Stay away from such trades.