Trade review 6-16-10

Preacher's pick was IFUS which did not go anywhere and shortly faded. In the good old days SP could at least move something up for a minute or two, now it is just a bore fest. Finished red by 2.5%

My past session unofficial pick long swing of NLIA finished up today 10% which was a consolation.

I got some of these correct:

Hits:

IFLG

I nailed this perfectly, see my comment about a modest gap down slow burn fade into the close. Down almost 15% for the shorts!

SNTA

According to script! Tanked right from the low 4's early. Recovered, but never went green. Down 5%+

BSDM

Another perfect call! Opened at 1.65 and then tanked in a slow bleed all day, finishing red by over 13%

BDCO

I nailed this one into next week, too. Early spiking price action and a +40% finish. Up in after hours, too.

AMEL

Opened near the highs and produced a classic fade play that took shape over the course of the session from early on. Red finish by over 11%

Misses:

VG

Gap down open. Recovered, but not enough. I feared this, but it must be scored as a loss. No serious test of 2.50+ and a red finish of over 3.5%

LRAL

Ticker symbol change, as it did not trade today under the old one. Now ABHD.OB The stock continued to clime somewhat, fade, then leveled off en route to a green finish of close to 2%

GNZR

It gapped up, then it kept going. Surprising for a HotOTC noticed stock. I did say if it sported upside action that it could be longed, but I was premature in my death sentence pronouncement. Up nearly 26% on the day.

Totals:
Daily record: W-5 L-3
62%


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