Trade review 12-22-10

I got some of them right...

Hits:

AMPW

This worked both ways, as an early long, and a nice short when it went red. A bounce just missed the flat line and dived hard into the close, which was red by over 13.5% today.

ACUR

A perfect short. Opening on a gap near the hod, it fell soon after, diving red from green and continuing a slide into the close, which was red by over 13% today.

Misses:

XOMA

I would like to claim at least a push here, but that will not be possible. It did not play out in the manner I had planned. A whipsaw happened when we began to fail near the gun, but gradually recovered. We really went red to green late in the day and it stayed that way, closing positive by over 11% today.

PSDV

This started out fine enough, but it failed later in the day, going red and closing down nearly 4% today. Many might have banked on earlier closes, and the only ones who lost were EOD exits, since it is up big after hours.

CLUB

Another one that started well enough, but it did not last. Another fake out to the 4.30's occurred, with it reversing and going red within about 30 minutes of the open and continuing to slide the rest of the way. Red close by nearly 5% today.

Push:

WLOC

Another boring no play day as it continued to consolidate and did not break 1.80 or 1.86 in any direction. Closed red by a bit over 1% today. A push.

RPC

This opened on a gap up, and never weakened enough to go red. It gradually climbed into the close, which was green by over 12% today. A push.

Totals:
Daily record: W-2 L-3-P-2
40%

Not a good day for me. 3 frustrating whipsaws that mostly looked good early reversed by the close, to seal matters. Since the inception of the blog, I have not had many obvious losing sessions!

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