Thursday, June 03, 2010

Trade review 6-3-10

The timed release gimmick plays turned out to be  ASYI for Penny Stocks Finder and BROE for Stock Preacher. The latter provided a good long scalp and a tasty fade, while the former did the same only better on the short play, though it recovered later. BROE finished up over 8% while ASYI finished down 4% These plays are risky but there is some method to the madness, and I hope to address that in a future blog post regarding strategies and clues when tackling this entertaining slot machine!

Big T is back! I put in yet another solid performance:

Hits:

JSDA

First red day. This weakened early, finishing down over 14% I hope you found shares or boxed, it rocked!

WOLV

This gapped down, opening near the high and then faded out as predicted, en route to a red finish of 11%

TGA

Nailed this one! A textbook breakout chart pattern, that finished green by over 3% Zooming early, it permitted an entire play to be completed before seriously pulling back, then marching back up again into the close. Notice the sync with the Dow, which is typical for any "real" stock. Memorize the setup, it pays coin!

OOAG

Another textbook nailed fade, this opened on a gap up, which not surprisingly proved to be the daily high. Then it tanked most of the rest of the way en route to a red finish of over 17% to complete the hat trick.

PANL

Nominal gap up as predicted faded right from the gun, then was all over the map, but it finished down slightly for a cheesy win to be claimed, given the earlier action that was playable. Red finish was by less than 1%

Misses:

HAUP

Sigh. The gradual fade for swing shorts is still in play, but this stock is just annoying. It is still under the critical price levels of 2.80-2.70 but the gap up and most of the day fade still resulted in a green finish relative to the previous close, so it must be scored as a loss. Its open today, though, was higher than its close, etc.

Push:

PBTH

This gapped up, then spectacularly failed from the gun from near the breakout point. I favored this mostly as a long, but the fall from the 6.30ish level as a short was possible, and was realized here. It then staged a nice recovery with the Dow, so all things considered, it merits a split decision.

My unofficial plays went as follows:

GSB

It gapped well up, problem is that was the high and it just faded off from there, going green to red after an hour or so and finishing down over 3% This did not go according to my prediction.

PDOS

Much the same story. This gapped up solidly, opening on the high, then it tanked early and faded the rest of the day, en route to a red finish of over 15% This provided a nice fade, as suspected.

Totals:
Daily record: W-5 L-1 P-1
83%


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