Trade review 6-17-10

Timed release gimmick by both Beacon and PSF turned out to be the Preacher dud of the previous session IFUS An instructive lesson is in this, at it rolled early on spiking and often en route to a +30% up finish! When Beacon (which owns Preacher) AND another gets interested marks, the exact same stock can different results within a day or two of the first failure. It can actually be a good thing to have 3-4 of them selecting the same stock on the same day at the same time. Just two of them here may have made some impact.

I made some tasty calls today:

Hits:

BDCO

Perfect call and fade on the Supernovae play. Gap up and fading all day finished red by over 17%

RNN

I nailed this, but got a typo on my price levels, I meant mid 1.50s, not 4.50 and 4.60+ should read 1.60+ on my original description. Green finish by over 8% and it finished off its highs, no less. I even nailed the spike!

GNZR

After some token up movement, this pump got dumped allowing a perfect fade opportuntity. Even with some recovery, it finished down by nearly 13%

DK

Overhead resistance helped this short work out  as desired. Slight gap up went green to red fast, then recovered gradually over the day, but still red by over 4%

PDO

I nailed this speculation long, which is news driven hype, but has people excited. Nice riser most of the day.

VG

I also nailed this bottom fishing expedition re-entry long play, which zoomed the last 2 hours and finished green by over 12.5% This has been a great breakout so far.

CRAY

I count this as a win despite it not having a test and fail right at 6.50 or 7, as it had obvious price action indicating the short I aimed for in the description was in play. It opened flat, then it faded decently for a spell. It recovered somewhat as the session wore on, but still finished red by over 2.5% 
Misses:

UPI

Almost a push, as I said hold 6 to go long, but it opened at the high with no gap up and the sentiment was not as predicted. Red finish by over 1%

PBTH

A blah day with boring fading action, the signal failed, but many may not have been stopped out. Patience may be needed and it may be fine in the ensuing days, but not today for the longs. Red finish by over 1.5%

CRGE

This kept going. Most probably never shorted as it gapped up a bit and never looked weak, but if anyone did they are probably still holding as it stayed under 1, finishing green by nearly 5%

Totals:
Daily record: W-7 L-3 
70%


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