Trade review 6-11-12

I nailed a few of these plays, and another couple of them at least partially:

Hits:

LOOP

Breakout for the "boring is beautiful" crowd opened on a gap down, rose above 12, faded and finished strong to end the day solidly above the key level I mentioned, en route to a near +2% finish. Volume lame, though.

TECO

Gap up proved to be the high, this tanked nicely from the gun en route a -20%+ red finish. Do not trust penny promotions with lame web sites that were designed by a cookie cutter application touting suspicious PR...

TIGR

Low volume number broke out as I predicted from one of my favorite patterns, finishing up over 13.5% easily taking and eventually holding the key 4.50 level.

TTCS

Another classic cheapo oil spill tie-in play that dies right on schedule. Compare this to the "real" stock versions like BGP and you can appreciate the differences between hype cures by garbage stocks and promotions. Finished red after tanking from near the gun, opening at the high, en route to a -36%+ close.

Missed:

BGP

Yeah, I said a long was possible if it was bullish early on and it was, but this must be scored as a loss as the oil spill promotion that seemed sketchy in terms of two day attention span holding roared up over 8% An instructive lesson in the differences between a "real" stock connection PR and a scam cheapie. True, the storyline here is merely over donated percentages of sales and not something that actually is a "cure" for spill woes, so it is an understandable miss for me. It may still be in play Monday for a profit taking fade, though.

Push:

PBTH 

This did have an initial profit taking dump as predicted, but it came roaring back to finish green yet again. As I said, such breakouts can go on longer than most think. It weakened early, providing a fade play that could have been managed profitably if one was not too greedy. The gap down open tanked and went red to green en route to a +3.5% finish. Partial credit for my total analysis on this somewhat complicated play to manage.

QCC

Finished unchanged, but it did print below 1.43 after a gap down open. A split decision is in order here.

EMMS

Conditional entry did not trigger for either long or short as this finished red by less than 1%  It did not take out the previous session high nor did it fall under the Thursday low. I suspect this may be done as a pick, although it continues to consolidate. Any bullish engulfing play should pan out the very next day to be viable. This is scored as a push because no entry was possible for any directional approach so traders could only watch.

Totals:
Daily record: W-4 L-1 P-3 
80%

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