I just keep outdoing myself, correctly anticipating the timed release pick of PSF and BER to be BROE which was provided an excellent short on fading momentum on Friday. It is a lot easier having all your ducks in a line!
I called a few of these plays accurately:
Hits:
ZQK
This provided a decent long scalp from the open as suspected. It finished lower than its open, but still up 2% Remember to watch ALL of these kinds of plays from premarket, as often the moves are playable there.
LVS
Another great "obvious" long scalp out of the open, it mirrored the market short squeeze in the early going quite nicely. It finished in the red as most equities did on Friday, but that does not matter for our purposes.
MCTH
This faded from near the bell as predicted, with little squeezing of the shorts. A "gimmie" play if there ever was one, it went slightly green and then back to red for good in the first 5 minutes. Promotions, especially bad ones, make great shorting opportunities, folks!
ALIM
This tanked from the bell, as I worried about, giving shorts their chance. What really proved prophetic is the idea that profit taking would commence around lunch time. Look at the chart and its intraday sideways price action. Right on cue it began to tail off, then it sported a perfect afternoon panic & fade to finish red by 11%+
Misses:
FCEL
This counts a loss given as it opened near the hod and just faded. True, I noted the odds were against any lasting future, but unless you count the start of premarket it was not much of a spiker. It reached an intraday high in the first hour of the regular session, and the rise was uninspiring. Closed down over 8% on red Friday.
CTHR
We got our pullback entry long of sorts, but it finished in the red by less than 1% after recovering. But it did not really mirror the indexes in this price action in that early on the Dow tried for a gap fill while this fell and it rose as the S&P faded. The run up may not be done, but much depends on how the market fares next week.
SREH
Choppy action for most the session was annoying. It did not mirror the market early on very well, not that I expected that here with sub penny level garbage like this. Great fade of sorts in the afternoon the last 2.5 hours, where it hugged the flatline just barely red and stayed under into the close, finishing down over 34%
Push:
JSDA
Gap down red to green (first red day of Supernovae evolution was Thursday) which finished up 4% I noted this possibility of scant upside for Friday, so it is a push. Stick around, the downside is still evolving for shorts.
ARWR
Lame volume on the way up, including on Friday, but the nominal gap down went green early then failed when the market rallied. It is true the pick finished solidly green by a last hour rally with a hod close as well, but at best I can only claim a push. You cannot just look at the completed daily chart and determine the whole story.
Totals:
Daily record: W-4 L-3 P-2
57%
My unofficial picks went as follows:
AZGS rolled for longs again today, though it was not a timed release pick that I know of. Up 26% on Friday.
HLXW not a timed release pick as far I am aware, but it faded from a hod open to finish red by nearly 26%
INTT faded with the Dow to finish red by over 8% after a gap down opening near the hod. No breakout.
XIDE had the gap down red to green in spades! Nice market syncing early, but it finished down over 1.5%
My unofficial plays often pan out well, making me wish they were on my regular list! HAUP has been forgot about, but its daily chart bears close study. It fell over 10% on Friday. Lionmaster can try to squeeze Timothy Sykes all he wants, but the bottom line is the stock was never a serious long for professionals...
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