[Entering Position in Taser International (TASR)]
Dear Member:
Taser International (TASR) is bouncing off a double bottom support. I like the stock at a limit of $15.40 or better on a day order.
The initial exit for me if I am wrong on direction would be at $14.50 so absent any strange gaps down, I would be putting about 90 cents a share at risk. 1st target is in the $17.65 range so the reward to risk potential is on the order of 2.5:1.
DISCLOSURE: At the time of publication, I have no position in TASR.
Sincerely,
Bill Kraft
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