SAExploration Holdings, Inc. (NASDAQ:SAEX) had a monster explosion last week. This low float micro play was picked up by traders and ran from $9.00 to $75.00. Yes, you read that right. This incredible move gives traders a second opportunity to buy a high risk play as it has pulled all the way back to $17.00. I have begun to nibble down here. The key is to keep share size super light as there is a ton of risk. I started a small position at $17.00 and will bad small every $0.50 lower. I am looking for a bounce back into the mid $20's.

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By Pro-Trader

Anthony Jackson