Trade review 4-20-10

I called a few good ones:

CLRH

Just fantastic, I hope you got shares. It is these kinds of shorts that pay for the college education of your kids! The entire run-up was eclipsed in one trading session, falling nearly 50%

RDCM

Classic red to green fade as predicted, and an easy short if you had the borrows.

NENG

Long call panned out nicely, despite some early head faking.

BGBR

New promotions pushed this up another day, at least for right now!

FRCMQ

Nominal gap up soon went g/r for a pedestrian fade, but awful cheap to short in a practical sense.

I tried to short both RDCM and of course CLRH at IB for real, but as usual no shares. If you have Sogo, Think or Swim, Speed Trader, etc. you may be one of the lucky ones. I expect many of you banked coin.

MLMN demonstrated the risks to a degree of longing these pieces of junk. It gapped up then tanked in a death spiral. PRAN faded, but no credit for me as it opened down and sold off not in the way I predicted.

JBLU still may pan out, but it continued to trade in that tight band of converging prices today, so stay tuned.

NNLX tanked even more today, BTW. Read this:

http://traderbigt.blogspot.com/2010/04/how-do-most-of-these-cheap-stocks-end.html

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