Trade review 6-10-10

I called several of these plays correctly today:

Hits:

BGBR

Gap and crap open in effect led to a nice short of this garbage, as hoped. It faded from the gun and was never bullish, so it was an easy play if you found shares. Finished in the red by over 21%

AZGS

Opening at the high from a flat open relative to the previous close, this uninspiring over extension gravy play panned out, finishing down over 2.5%

PBTH

Breakout continuation again! Strong gap up finished green by over 14% It faded and flat lined during the day, but it closed strongly. Many of the moves were premarket, and the biggest gains were for buyers yesterday. Closed on hod. This had a fade play on profit taking early, and an afternoon breakout with a textbook setup.

MW

I really aced this call. They beat expectations by surprise and these usually go higher, the price is not all already factored in, as I noted, permitting fresh upside. Not a penny play, but easy money. Green by 18%+

IFLG

Dead pump bounce as this rose over 3% If you had sold by lunch, you made out better. It had early zooming price action, as predicted from the bell for the first 30 minutes of the session.

Misses:

NLIA

The pull back entry retraced too much, as it fell under .05 after gapping down and tanking out of the opening. It regained that price, but it did not play out as predicted and finished red by 15% so I cannot claim a push.

MILV

A big dud. It sold off huge from the bell en route to a red finish of over 14.5% The only good thing is it was so weak so early that few of my list followers would have went long and lost money. I did not call the short, so it must be scored as a loss. This play shows anything can happen in the market and flexibility is key.

Totals:
Daily record: W-5 L-2
71%


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