Trade review 8-10-10

I got a couple of these things right:

Hits:

DCMT

Opening a the high, a nice fade ensued to the tune of  over 11.5% for the shorts.

AAVG

Collapse of nearly 47% followed from a nice fade that began in early trading.

Misses:

BTN

My biggest miss of the day was not reminding everyone that even when you have a nearly perfect chart and storyline, even with excellent fundamental news (earnings winner) a chart pattern and play CAN and sometimes DOES fail, and furthermore, when they DO some of the most reliable entry signals are generated. In this case, ONCE the stock broke below 9, trapping flat footed money, an excellent short entry was ripe for the taking. I only noted the long aspect, considering the chart and story. My bad!

LQMT

I hope early shorts boxed this Supernovae beast. Going to be a great short on profit taking soon, but not today!

HLCS

Finished up over 1% after rising steadily most of the day.

Push:

PPCO

Basically went sideways all day after a gap up that was noted in my original post. A push is called for.

WWWW

This faded early, and despite a late uptick, it is unlikely most who took the early weakness stayed in until the moves into the close, etc. Already down in after hours, as well. Arguably a win, but more like a push, as it essentially finished unchanged.

Totals:
Daily record: W-2 L-3 P-2
40%


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