Trade review 5-26-10

My DZZ swing suggestion is really panning out, subscribers please let me know if you are banking coin on it!

I hit a few home runs today:

Hits:

LMCO

This faded today as suggested, dropping from the bell, then it staged a huge recovery mid day. It regained its downward bias the last hour and finished in the red by over 7%

ECOB

A fade on dumping action was realized today as it opened gapping up and went green to red a bit less than 30 minutes into the session. Too bad it did not get up higher first. Closed down 15% for the shorts.

USU

This did not reach 5.50, as it tanked hard and fast from the gun, but it was an awesome short as suspected, with definable risk levels, which faded into the close en route to a 10% down finish.

HAUP

This nicely faded most of the day. It gapped up, squeezed a few nervous shorts who may have helped it spike a tad by their covering, then it went green to red. There were several entry points and shares were surprisingly available at IB. It revisited the critical 2.80ish level late & provided a nice cover point. Closed down over 8%

PRRY

I nailed this call like the back of my hand. It opened flat relative to the previous close at the session low and zoomed out of gate to reach the quoted target price of the long scalp with one cent to spare. Top that! Oh, yeah, it also finished green by 3%

Misses:

S

It opened in premarket on a gap up then gave a nice pop, but by the time the market opened regularly it had faded and that continued most of the day. Call option holders are probably perplexed, just now.

GNOLF

This began diving a bit before the regular bell, so hod close buyers did not get a bite at the free apple. It was never a factor, closing down a surprising reddish 12%

Totals:
Daily record: W-5 L-2 
71%

My unofficial plays went as follows:

LVCA expanded upon its gains, finishing up over 1% so the CC must have went over well with shareholders.
SEED gapped up to open, then faded and meandered, en route to a tepid red finish of less than 1%
MBYL finished up over 18% but had nothing for morning longs, it was all in the gap. Opened at high, sadly. That is what you get when you deal with ghetto grade promoters. Do not expect J. Wollstein level inchers.
AVOE opened flattish, faded, then rallied to finish up nearly 4%  I hope most just watched, it was lame.


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