Trade review 4-23-10

I made a few nice calls:

IBCP

This opened a bit up then went sideways with a later profit taking dump late morning for a nice fade.

BGBR

This gapped down, then had plenty of additional downside left, but I doubt many of you found shares.

All the new pumps and "pumpish" charts I listed except RXAC predictably had more upside on Friday.

ABWTQ

Reached 0.50+  out of the gate, then traded sideways for some time, allowing an exit for the longs.

Only NENG pulled back from my "momentum up" list. All the bank/financial stocks soared as suspected.

GLW

The cup with handle swing offering provided a meek entry, but the volume left a little to be desired.

Visiting and typing in the new chat room I reviewed the same day on Investimonials, I spent the day mostly chatting, particularly over ABIO. I missed the run up on the momentum scalp, which was sad as it was an excellent opportunity. I tried to locate shares of BGBR, but did not succeed at IB. It had been my top short.


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