LOUD - breakout candidate?

Quote from flytiger:

my concern about BriefingTrader is that they were listing small priced stocks while they had a crowd on two week trials. of course, whatever they listed at that price would run. and then they post they had this huge percentage gain. I'm not sure that's good business. No, I am sure. It's not good business.
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I think that's a legitimate opinion, particularly if the stocks being posted are smaller cap, less liquid stocks.
 
I opened a partial position today at $1.01, LOUD was pretty stable today aside from the opening mark-up, pretty much settled down at the $1.00 mark on significantly lower volume than the big volume up day last Friday (Aug 26).

Today was another in a series of higher bottoms, I'm hoping to see $1.00 as a point of short-term support.

Edit - "Hoping" is probably a poor choice of words, what I should really say is that I want to see $1.00 as short-term support as an indicator of future strength, if it swings back through $1.00 by a significant amount I will lose conviction regarding the probability of a significant breakout.
 
Added to my position today at $1.04.

I'm still placing higher probability on upwards movement than down, but at this point it looks like the stock is still sorting itself out and deciding whether or not to continue to rally (I think that it will).
 
Still holding my long position, though the price action this week will definately determine where I go from here.

$1.00 appears to be holding as an interim point of support, and I personally thought that Thursday and Friday of last week (Sept 1 & Sept 2) were pretty much useless trading days, light volume, no real direction in the stock.

I expect that the Nasdaq will be strong this week as oil (probably) pulls back. Only question mark right now is that I've read on a couple of tech news sites that both AMD and Intel are rumoured to be having lackluster quarters right now.
 
Closed my position today for about a 3% loss, stock was hovering around $1.00 on a strong day for the Nasdaq.

Can't really quantify it beyond the above, but the stock no longer feels "right", so I decided to close the position.
 
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