Trade review 8-20-10

I managed to hit a few of these plays on the mark...

Hits:

BSDM

Folks, money does not get any easier than this if you can find borrows. The second red day of the Supernovae that gently faded evenly all day, en route to a nice 5%+ gain for the shorts!

VVTV

Much like the above play, this finished down over 4% for the shorts for a "gimmie" fade entry.

YNGFF

Another near perfect call by yours truly on the Tweezer tops. 0.62 proved to be the ceiling, and it faded nicely the rest of the way with a huge crater (with a quick recovery though) in the mid morning, en route to a red finish of over 5.5%

Misses:

GBG

A gap down start continued to fall, but never really fell for good below 2 for a short, and I favored the long primarily here. Yes, it did hit 1.99 but that was all she wrote.  Closed above 2 but while you can call that a new pull back entry for the longs, a loss is the fair result. Possible swing long for patient types on a hold of 2 and later upward mobility, arguably.

Push:

MJNA

Finished essentially unchanged, after dull moves all day, though the wave stick on the daily was on the bottom side, it only revisited the the previous session opening price, so a push seems in order here.

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


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