JAZZ Trade on Sep 17, 2012 12:19 from ckz8780: Tradervue User Stock Trades.

Intraday mini flag break using 20sma as support. I saw multiple taps of the $54.70 range and there was a little mini flag forming with a breakout at $54.40. I grabbed it right at $54.42 as it broke so my entry was great and I was going for selling half at $54.70ish and the other half at $55+. I didn't realize when I entered this stock with 200sh that it had a 30 CENT SPREAD! So I got a little scared and sold half for a 10 cent profit then bailed on the rest fairly quickly at $54.84 and $54.79. Not a bad trade, I made about $45 on it but I don't think I will trade this stock again as it is a little too wily and crazy for me!

It did hit my target of mid $55's later in the day and had I kept my shares I would have been ok but it wasn't really worth the risk with such a huge spread.