Trade review 12-10-10

I got a couple picks right...

Hits:

FCPG

This was perfect, opening near the hod on a gap up, quickly going red and panic diving, en route to a down finish of over 59% on Friday.

GBOED

Another easy play, this opened on a gap up by a cent and nicely faded soon after evenly into the close, which was red by over 37% on Friday.

BGCP

Very strong start on a green swing play target. This opened on a gap up at the lod, and began rising at once via a spike, then it retreated and steadily climbed the rest of the day, finishing green by over 4% on Friday. The after hours prices were totally erased on open, a huge reversal and a Bullish signpost for the longs.

MNI

Another nice one that played out to script mostly. Opening flat near the lod, this quickly greened and steadily inched along up into the close, which was north by nearly 3% on Friday. Easy money!

Misses:

NXPI

Opening on a nominal gap up, this faked out shorts after the first useless 5 minute candle, by rebounding to go green for good. It steadily rose, finishing up by over 4% on Friday. Such a head fake could have lost money.

HHWW

I could almost claim this as a push, but technically the prices were supported yet again in a recovery from an early nose dive that must have driven shorts crazy for what seems like the millionth time. This could have lost money, but I doubt most who faded the early dump broke even or lost, as they would have covered before giving back their gains. A loss on paper, though. Closed green by over 1% on Friday.

Push:

ZQK

A no play since a huge gap down prevented entry. This faded evenly all day, from near the gun, closing south by over 10.5% on Friday. As we opened below 10.50 no pull back entry was tenable, and it obviously never went red to green for one. Even if it had, the gap was too large for serious consideration of a long. A push.

Totals:
Daily record: W-4 L-2-P-1
66%

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