All three gimmick play links from supposedly independent spammers revealed the pick to be HSCO
This is not a new name to those of us with seasoning. Interestingly, if their word was correct HGS released a full minute before the other two, so those traders had an often critical edge in speed over their rivals. The stock edged up a mere cent this time before tanking, essentially opening on the high of the day.
If you had shares of this Pinkie, you could have chosen strategy two, which is shorting on the way down. Remember how one trader made 17K this way on a real NASDAQ stock (ALAN) a year or so back by shorting a big position in a bear raid.
I got some of these things right:
Hits:
PRRY
This did not gap up, but it opened at the lows and zoomed out of the gate. Later it faded gradually into the close but still finished up over 3% One nice thing about the EOD gapper strategy is often even a reasonably modest gap down open goes green quickly or immediately, as here, so the direction is eventually vindicated.
VSTNQ
Ok, it did not die on a 2 test, but it was obvious from the beginning it was going to be a distribution day. It began to sell off just before the open, then dived and faded more gently as the session progressed, opening at the highs. A short taking trader would have had a field day as the equity closed down 24%
LMCO
This teetered mightily early, quick shorts getting a big red candle out of the open to fade. Then it staged a big recovery, yet finished red less than 1% The pumpers will blame the Dow, but it is getting longer in the tooth.
HAUP
Timothy Sykes I correctly predicted (without actually knowing about it) in the First Adopter chat room got in this. His fill was a bit tardy, not when it cracked 3.50 support but at 3.35 as it progressed. He held overnight, I think, and probably closed near the open or maybe he got the 0.50 cents he likes to look for near the lows today. It began selling off in premarket. Always use brokers that allow pre and post market orders! It closed down another 4% today. Patient holders got the green to red down to the lows to cover their shorts.
ECOB
As suspected, this came too far too fast. BDP is just the type to stage untimely dumps before the naive can protect themselves. It opened at the high then fell hard in the first 10 minutes, later recovering but finishing red be less than 1% These dumps are possible to short into if you recognize the intensity and volume.
Misses:
CBOU
The weak open of the Dow, despite the greening as the day wore on, gave profit takers an excuse to book coin from the bell. Opening at the high, it closed down over 4%
NTMG
This opened at the highs and sold off huge from the bell, a bit surprisingly. I figured it was toast soon but not quite like this in terms of how it played out. It may have been worth shorting, too, as it finished down by 16%
Push:
CBIS
After the weed wore off, peope came to their senses and after a gap up that was also the high of the day, they sold it off. I called the direction essentially, and my intent, but since it was an on the spot price action decision play, I can only claim a push.
Totals:
Daily record: W-5 L-2 P-1
71%
My unofficials fell flat: RNGC failed despite the gold beat continuing in the market, it faded from the gun opening at the high, finishing down over 9% My DZZ swing short kept up the beat, though, and is down after hours, as well. BONU moved up the first hour, after a nominal gap up, but faded into the close. It finished down over 11%
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