FACE quick 5% 1 day profit

Physicians Formula Holdings Inc (FACE) is a small cosmetics company whose stock price shows large price swings on occasion for apparently no reason. Basically, an awful stock to trade in a controlled way. However, this high volatility does seem to be bound within approximate trends, and I wanted to take advantage of the volatility.

I'd had this order sitting in a queue to buy at $3.55, which I calculated would be an entry point with a high probability of a bounce back to $3.90 - $4.10 (10%) within 15 days.  Basically I had forgot about the order until it got triggered yesterday after the volatility this week. FACE then jumped back 8% today along with the big jump in the indexes on the open, then promptly dropped back 3%.

 So I closed half the position for a 1 day 5% gain.

The other 50% I'll hold on to for and see if it reaches my original target profit and target duration of $3.90 within 15 trading days.