Tuesday, June 22, 2010

Trade review 6-22-10

Time release pick for all 3 spammers appears to have been ULU which was a stunning winner for long scalpers and especially for those holding on as it rose. Up over 65.5% on strong volume. Hype press release helped.

I got a few correct:

Hits:

MMPIQ

This faded late to finish down 12% which validated the bearish signal prediction.

HELI

Gap and near crap, this faded nicely from the bell, even though it rose into the close. Red by over 5.5%

BRNZ

News continued to impress as this had nice early upside as predicted, finishing green by nearly 17%

AMEL

Nice near testing of the 1.00 level as suggested. Green close by nearly 8%

MKHD

Beautiful morning panic dump to short into, though catching all of the move was unrealistic. Opened flat from the previous close at the high of the day. Red by nearly 10.5%

SITO

Easily tested 1.50ish, closing green by almost 5% and broke new 52's as hoped for.

Misses:

ESPH

Obvious enough gap down and fade from gun, but it recovered a bit as the session wore on. The breakout failed but it did not do so on a clear test of 1.75 so it must be scored as a loss. The entry signal was not clear.

Push:

REFR

The play essentially worked, but the down side was minimal after it weakened, unless you truly timed the top. Given that it finished red by more than 2% and took out the day open price that permitted a cue signal short entry, I guess I can claim a push here.

Totals:
Daily record: W-6 L-1 P-1
85%


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