Trade review 12-14-10

I got a few of these things right...

Hits:

ETRM

Opening on a 1 cent gap down near the hod, this gradually faded, slightly rising into the close, which was still red by 3.5% today. Boring, but it was easy enough.

XPGH

Opening on a clear gap down but at the hod, this gradually fell off, lasting into the close, which was red by over 16.5% today. Some of that was lost in the gap, but not all of it, as it closed lower than it opened.

TNGS

This rose nearly 8% today, in price action eerily reminiscent of HHWW and a few other past promotions. The gradual move up sported an early pull back, but that stayed above the previous session close to hold stops.

Misses:

WLOC

We only tested the previous session high, not 2, today. We closed negative by 1 half of 1 percent. No real ride up occurred, but choppy fake outs did during the session. I was wrong enough here to merit a loss.

COUGF

Arguably a win, but too choppy. It zoomed up over 3 out of the open, but fell back red underneath the opening price, before rebounding above 3 then back again, etc. Then it went sideways into the close, which was green by over 1% today. The whipsawing merits a loss.

Push:

SMCE

A no play push as this opened near the lod and advanced from the gun, spiking initially, retreating and flat lining the rest of the way. Closed green by over 78% today.

CWST

A no play with a low put in during the first 10 minutes. We never quite tested 7 to watch for a fail there. Despite a gap up, after the initial rise it flat lined for the remainder of the of session. Without a test I said to keep flat, and I did not favor a long even on a take and hold of 7. That also did not occur, and while it closed green by over 1% today, and high than it opened most of even that was lost in the gap. A push is called for.

Totals:
Daily record: W-3 L-2-P-2
60%

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