Trade review 5-14-10

I keep nailing picks all over the place:

Hits:

IFLG

Gap down open was daily high, it then tanked over the day en route to a 20% down finish!

SMFI

Gap down open, stock neared 0.40 but stayed just under, fading nicely en route to an 18% down finish!

AEHI

This opened at the high on a gap up, which fell beginning in late premarket extending into the regular session. It rallied, but re-tanked into the close, finishing down 5% on the day.

BFARE

My apologies to anyone wondering what happened to this thing. It was not halted Friday, it changed the ticker symbol to BFAR, dropping the E from the letters! It did go great guns out of the open, as predicted, following its near hod close of Thursday. The stock never yielded a fade play, but the action was all long & strong. 5 cent gap up was realized. The open was the low, and it once again closed near its hod.

SPDE

Big gap down opened near highs and nicely faded as the day wore on. The after hours up move failed to hold.

RPC

Gap down briefly went nominally green, then it fell back under its previous close early on and never looked back en route to a 16%+ red finish. 

SVN

We did not make a run at 13, but the direction was correctly suspected. Went red quick, rebounded but remained under the open, en route to a 3%+ down finish. 

Misses:

CMSI

This thing kept going, which  proves that getting high is not a good lifestyle choice for an investor as it ruins things for us more realist oriented shorts!

Push:

IMOS

We never seriously tested 2. Slight gap down led to early fade as suspected. So a split decision is in order.

HAUP

Partial credit. As expected, it had more upside. But it gapped well up. Later, it broke down from intraday consolidation under 4 nicely, providing shorts with an entry, except it powered back above later, but closed below 4. If you covered early on the attempt to retake 4, you made some decent coin.

Totals:
Daily record: W-7 L-1 P-2   
87%

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