[isatrader]

Did you buy MIFI? I usually don't buy stocks less than $10, so I wasn't following it but it broke out... What a timing

No am watching closely, as the price from when I first highlighted it last Tuesday morning moved over 20% higher and closed the week very strongly. So it was too extended to buy on Friday for me, and hence I'm now looking for a minor pullback in the next week or so to get in at a better level for my stop loss distance (see attached 2 hour chart with my target entry zone highlighted in blue). But if the strength continues, then I might need to have much more patience to wait and see what happens on the first significant pullback in the coming months.

The strongest Stage 2A breakouts can be tricky to get into, as they can stay extended for many weeks and then don't pullback much. So you have to be nimble once you see one that you think has the right stuff.

I prefer the small caps personally these days, and generally buy stocks in the $2 to $15 range, as I find they have a better chance of 100%+ move that I'm looking for, and mitigate the additional volatility of the smaller stocks with my ATR position sizing method, that I explain in my journal thread.