Trade review 4-30-10

I knocked a few out of the ball park:

Hits:

KERX

Opened above the key 5 level and never looked back, for a 13%+ gain.

LMCO

Rug pulled. This quickly went red out of the gate, pump to dump to the tune of about -26%+

PRRY

Opened at high, then fell over 6% by close and even more intraday, the red floater came back to earth.

BEE

Opened above 6.24 key level then kept going up continuing the breakout on modest volume and range.

SFI

It barely qualifies as a win, but it did take and hold 6.71, which it closed on and exceeded intraday.

DIVX

Profit taking near 9. Fell below previous close early, sideways price action then an afternoon fade.

OMNI

Gap up, then strong out of the open, finishing up over 10%

Misses:

ANTS

I knew this could remain strong and timing the top would be tough. It ripped out of the open, so no entry.

RAS

Almost qualifies as a win, as it gapped up and zoomed higher, before fading into a red finish, with the S&P.

IMOS

Tested 2. I got that part right. Gap up did not permit red to green or conventional fade entry, though it faded gently into the close.

LOPE

Optimists will still argue this is a great IBD stock which is really oversold. Price action is less forgiving. Now trading below the 50 SMA, which it seemed to want to hold the other day. Never be stubborn as a trader.

The big play was in a real stock on Friday, as MEE saw the FBI kicking down the door, causing panic and a 11% dump finish, as shareholders worried about taking the bad news into the weekend news cycle.

Totals:
Daily record W-7 L-4
63% 


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