Paul J Singh

I bought 500 shares REDF at $19.11. The stock made it to my primary list last night. After doing my sector review, I came to the conclusion that internets are breaking out and look like they are setting up for a big move. After narrowing down internet stocks, VCLK, REDF and and KNOT made my primary list. I went with REDF since it features good risk reward, positive on MACD and it was nearing short term resistance at $19. My stop will be placed just under price and moving average support at $17.90, with an initial target of $21.