Penny Stock Trade: Long MDMC 07-23-2012

I bought 45000 shares of the penny stock MDMC on Friday 07-23-2012 when my trading system alerted me to this stock. The volume was pretty heavy and the buyer orders were coming in in the hundreds per seconds. I watch level 2 quotes use it to read the price action of penny stocks. My entry was at .$185. I sold 25000 shares at my first target at $.245 for a $1500 profit in 40 minutes. I sold my remaining 20000 shares at $.295 for an additional $2,200 profit. My total profit on the trade was $3,700 which is not bad for 4 hours of work. To learn my strategy checkout

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