Trade review 6-24-10

I got a couple right...

Hits:

STHG

Started out strong, but eventually went green to red and had a neat afternoon fade into the close to finish red by over 18% An easy money play.

LTBR

As so often, this stock cannot keep its gains. It gapped up and then faded evenly and steadily all day into the close, finishing down by nearly 15.5% No ripping out of the gate, but a very clean fade with obvious cues.

MDF

Nice bottom fishing catch, and on a red Dow day no less. The support level held and after a gap down it steadily advanced, going red to green and never looking back. Up over 2% on the session for the longs.

Misses:

STAA

We got our gap up, but it while it climbed another 15 cents, it could not hold it all day, selling off into the close and reddening by nearly 3% True, any exit before lunch probably booked coin for the longs, and it held 5.30 on the retreat, but it still finished down and is down more after hours. As such, it can fairly be called a loss.

Push:

ETRM

We got a fade, arguably, despite the gap down open. But it advanced into the close to finish essentially unchanged, so a push is the best that can be claimed given the conflicting price action.

Totals:
Daily record: W-3 L-1 P-1
75%


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