Trade review 5-18-10

I got some of these darn things right or pretty close:

Hits:

IFLG

Gap down open near high faded the rest of the way en route to a 17% reddening.

TTIL

Yielded early upside as suspected on predicted gap up. Meek action, lame close, though.

OSTE

Tanked 0.25ish cents in the first 10 minutes, rallied, then went nicely green to red late morning finishing down  8%

FLPC

As suspected, it "died" today. Opening at the high and fading en route to a 10% red finish. Good short.

ANTS

As suspected, the distribution day was today. Opening near its highs, it later faded nicely, finishing down 3%

Misses:

BFAR

The beat went on. It was obvious today was not the day for the shorts from the bell, but a loss is a loss.

HAUP

As feared, a gap down near lows prefaced upside activity, to the tune of over 8%, despite a weak close.

Totals:
Daily record: W-5 L-2  
71%

My unofficial pump watchers are worth a mention. Not surprisingly, AMCG had nominal upside before selling off later in the morning. It gapped up and closed lower than the open but technically green. SNWT sold off near the open and never really recovered en route to a 26% down finish.


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