Missed Money Is...

I know 99% of my readers know the ending of this saying ("Better than lost money"), but given my trades on JAVA today- I'm still apt to kick myself over missed money. JAVA is a stock I know all too well (unfortunately- having been a longtime bagholder last year before developing my strategy). When the rumor mill started working over time, saying that IBM wanted to buy Sun Microsystems (JAVA), the stock popped after hours like a misguided missle. This first chart is compliments of Stocktwits.com (If you haven't joined- it's a great Twitter-like tool used for stocks):

I can't tell you how I knew JAVA was going to see $7.85 today (that wouldn't help anyone learn a thing). I'll just say when I was scanning with Think or Swim for big % gainers, and JAVA showed up, I was immediately short-minded. I also knew, since this trade wasn't a perfect fit for my strategy, that I would have to let the price action/technicals decide JAVA'a fate for me. Since I'm home to watch the markets today, I decided to short and watch. Below is the chart showing my intitial entry, fearful cover, second entry (wanted blood!), and final cover for an overall profit (which you'll see could have been much higher):

BTW- as I'm typing this, JAVA is back at $8. You gotta be quick in this market, able to take small profits, and move on when a daytrade doesn't work out how you thought.

7pm Update- JAVA surged above $9

Any of you pirates have some cool trades?

Evan