Trade review 2-23-10

I called a few trades nicely today from my watchlist. TSHO came back to reality, VHC faded nicely.

I made one test of pre market order ability enabling at IB today, going long a small paper position of RCYT, a stock being blitzed with promotion as Monday night, which is likely to see more E-mails and PR tonight. The enabling function worked in TWS, and my limit order executed easily enough. This is encouraging as many plays are possible in pre/post session periods. I exited not long after the open on strength, for a solid % gain.

IB failed yet again to have shares of a critical shorting opportunity, (IFLG) which underscores the need to have funded margin accounts with multiple brokers, not just one. This was a play I would have played with real funds without question, as the risk/reward on profit taking weakening here was outstandingly good. For details on my future plans with regard to alternative account funding, see the following recent post:  http://traderbigt.blogspot.com/2010/02/blog-plans-trading-issues.html

BOT    200    RCYT    Stock    0.2050    USD    ARCAEDGE    08:28:07        1.00
SLD    200    RCYT    Stock    0.2200    USD    SMART    08:35:47    BookTrader    1.00


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