Trade review 4-26-10

I nailed several plays today:

ANTF

Gap up, g/r then slow burn fade into the close.

CLRH

I hope you caught that, because the bounce long scalp netted over 80% for optimistists!

ABWTQ

Almost hit 0.60 then it adequately faded.

CADE

Nice gap up, morning panicky g/r dump, then sideways price action with late drops into the close.

My Supernovae scan banks all zoomed green in varying degrees except IBNK and CACB

DEAR

Price action wins as always, it took out 4 easily by premarket which now becomes new support.

ROHI

Nice g/r about 30 minutes in to drop off, then sideways price action with late drops into the close.

The lesser tier of bank/financial stocks were a mixed bag, with 2 up and 2 down.

TUFF

This kept going, and gave early signals that it would.

MCGI

A solid red day on this promoted junk, not a big surprise.

I should have played ROHI as I called it live in a free chat room, & shares were at IB if I recall correctly.

But the play I really liked was FTBK after the momentum scalping escapades subsided. A few traders in the Twittersphere shorted this before it cracked intraday support solidly at 7, which I firmly believe was wrong.

But once it did, a play was to be had short, which turned out nicely. IB had no shares, but I tried to enter it.

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