Trade review 6-30-10

I got a few right...

Hits:

GU

Opened near the high on a gap down and finished red by nearly 6% Both shorting signal scenarios were achieved and the more trusted fade option panned out.

OMER

Red finish by nearly 2% Fade comment predictions were realized. See the previous list for details.

ZAGG

Flat open had late afternoon fade, en route to a red finish of 4% It never got above 3.18 but it did have earlier fake outs above the previous close. The drop late was textbook stuff for traders like Sykes or myself.

Misses:

GBRC

My predictions were defeated here, as it greened by over 18% Gap up open never looked back and stop placements were likely triggered for shorts on this one.

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


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