Thursday, March 04, 2010

Trade review 3-4-10

Great day for predicting stock moves:

I nailed a 31% drop in SCEY as the pumpish equity fell over 31% VSTNQ  kept squeezing and took out an earlier high, before closing on it. I also nailed GMPM, which dove over 26% MILL continued, then failed to continue its breakout and fell back under the key 3.20 level. Nailed AENY short cover rally/oversold bargain hunting bounce long. This takes guts to play, but it can yield dividends. VHC faded decently on green to red. MDF was also a winner, but not eithout a late day push. JMBA also made forecasted moves.


I considered going long for real on AENY, but with such a manipulated issue, and its risk of trading halts being a distinct possibility, I just papered it. Long bounces occur after major dives in Supernovae finales, too, which should always be remembered for those looking for borrows and failing to get short.

I got in but missed the bottom, not by a ton, and got out on weakening, which turned out to be a good decision as the bounce was lamer than I expected and less in duration than I had hoped for. I exited for a modest gain. No other trades occured. I missed part of the session again having to leave my work station during the lunch hour.

BOT    200    AENY    Stock    2.4200    USD    SMART    08:36:41        1.00
SLD    200    AENY    Stock    2.5300    USD    SMART    08:50:13    BookTrader    1.00


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