I got some of these picks correct...
Hits:
VHC
It is about time this thing saw some distribution! Confirmed shorting signal came after early strength yet again dominated trading. About half way through the day a massive profit taking dump with a green to red entry arrived, eventually causing the stock to close red by over 12% today. Nominal gap down on the open.
WYNX
I aced this long call, as the stock continued its greening as anticipated with mostly even upward mobility. Early strength ended in a 9% north close.
Misses:
GKK
Nominal gap down whipsawed, and finished green by nearly 5% today. A clear loss as this red floater failed to yield additional down side, and it sported a fake out, although it was during the first 5 minutes of the session, and my readers should know not to enter in most cases during that period. A loss is a fair result.
TRT
Significant gap down negated any easy short entry. Green close by less than 1% today. A loss because I got the timing and direction wrong. After early floundering, it recovered off an on, especially into the close. A whipsaw occurred as it traded for a spell under its opening price during this process, so a loss is in order here.
Push:
ABWTQ
Although it mostly fell from the open, it rallied into the close to whipsaw. Closed unchanged relative to the previous close and a tad above the opening today. A push result is in order on such a mixed outcome.
MEDQ
Arguable as a win since it gradually faded as the session wore on and closed lower than it opened by 16 cents, this is a push since the gap up open meant even with such tapering off the close was technically green by a bit over 1% today. No clear shorting signal, so a wash, but those risking a trade on price printing below the open probably made a bit of money shorting here, given the price action itself.
SLXCF
Finished unchanged relative to the previous session close. Intra-day it fell lower than its open, but it recovered to finish flat. Early shorts could have made money with a conservative exit, but such a mixed result is a push.
Totals:
Daily record: W-2 L-2-P-3
50%
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