I would have noticed that there was a clear breakout above the morning spike.
$XNET has been on a run for the last 2 weeks and has set a new 52 week high on most of those days and there has only been 4 small red days during the run.
Today, $XNET had a late morning spike that began at 10:20am EST. Then it hit lows in the $10.30s around 12:20 and then began to slowly rally in what I believe Tim Sykes would call a cup and handle pattern. $XNET broke out above the late morning spike of $9.91 at at 2:53, for two minutes it hovered just about the breakout and then kept going.
1 hour and 6 minutes later $XNET closed $12.63, a new 52 week high.
What excites me about this play, was there was lots of time after the breakout that you could have gotten in on the play before it started going parabolic.
Had you been incredible bearish and waited until $XNET broke out past the first significant dip after the breakout you could have purchased $XNET for just under $11 and made nearly 15% in 9 minutes
Thesis for tomorrow
$XNET will probably have a significant morning spike because it closed at the high. I get to do some landscapping tomorrow at 8:30am PST so I can watch it in the morning, if it dips after the spike I will be watching for another late day breakout.
Setup alerts near breakout levels for volatile pennystocks that I am watching so that I do not have to always keep my eye on the market