Monday, March 29, 2010

Trade review 3-29-10

We really served up some winners today:

ABIO

Wonderful short out of the gate and near EOD.

ZQK

Nice breakout continuation.

ESPH

Kept going past 52s in the low 1.30s to pass 1.50 easily.

MILL

Just beautiful slow inching up most of the day. This stock has a history of such price action.

ISCO

Took 2.50 as anticipated, then a nice all-day long play.

DCTH

Kept going up, so gamblers must still believe. Remember one demial and you are down 50%+ overnight!

PNM

Swing pick "real stock" worked out of the gate. Solid, if unimpressive day. SMA 5 exit criteria nearly met.

No actual trades for me.

I spent another day arguing over the latest high flying momentum plays. I closed 2 unfunded margin Think or Swim account papers for solid gains with SMA 5 exit cues intra-day. These have been held a few days. Timing is never ideal except by luck on these, one simply exits on the signals as I did. Boring, but effective.

3/25 BOT +200 PAY @20.06
3/29 SOLD -200 PAY @20.68 I think over 3%

3/24 BOT +200 AMCC @8.35
3/29 SOLD -200 AMCC @8.59 I think almost 3%


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