Trade review 8-17-10

I got some of these picks right...

Hits:

HAUP

Nice early fading lasted most of the session, en route to a red finish of over 4.5% Another easy short.

MJNA

Huge win as it broke through the quadruple top and tweezers on the daily @ 0.12 looking good early and often en route to a green finish of nearly 36%

Misses:

GDCRF

No credit as it gapped down, not up, then ever so evenly and gently rose most of the way, despite closing down over 2.5% it is deceiving as much of that was lost in the gap.

ALY

No credit as we never tested 4.30 to fail at, did not get a clear red to green move, etc. A NYSE stock, with boring moves of less than 1% most longs are probably still holding overnight or exited for a small loss.

Push:

MTLQQ

Partial credit. It did gap up, and spiked early. But while it simply faded from its peak over the duration of the session, it finished green by more than 5%

VGZ

Partial credit.  Gap up, and it did get early spiking, but finished unchanged relative to the previous close due to late fading. Most longs probably banked on this with a lunch time exit, because the gains were easy and it began to falter as the day wore on. A push is the best I can honestly claim here.

Totals:
Daily record: W-2 L-2 P-2
50%


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