I got a few picks correct today...
Hits:
NVGN
After a hod gap up, this tanked soon after, continuing to gently fade into the close, which was red by over 5% today.
MCBF
This opened on a gap down, and dumped fast. One print was nearly equal to the previous session close, but all the rest was even fading into the close, which was red by nearly 18% today. An easy to play short.
MNLU
More reddening indeed happened in the junker. Gap down near the hod fell right from the start, closing down over 14% today.
MIPIQ
After a gap down open at the hod, this fell fairly evenly, continuing into the close with rally moves at various points only touching earlier session highs without surpassing them, en route to a south finish of nearly 34% today.
PSPW
Opening on a gap up hod, it dumped nicely early and often. Later it gradually recovered then faded in the afternoon into the close, which was red by over 39% today. An easy call and short, much like MCBF was.
Misses:
INVE
3 only held as long as early premarket. It opened on a gap down, then rose, but made it look like it might keep going, then dived falling red, which never got better. Gradual fade closed down over 7% today. I was wrong about the direction and timing. The choppy whipsaw move to begin with could have resulted in losses. I said to keep flat on sustained weak price action, but such a head fake can make that advice hard to follow.
CRWG
I could claim a push here as it closed positive by over 1% today, but I cannot because it started off nice enough and then went green to red, which could have stopped some longs out. It eventually recovered, hugging the flat line and even going green by the end of the day, but such choppy whipsaws can lose money.
Push:
None.
Totals:
Daily record: W-5 L-2-P-0
71%
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Hits:
NVGN
After a hod gap up, this tanked soon after, continuing to gently fade into the close, which was red by over 5% today.
MCBF
This opened on a gap down, and dumped fast. One print was nearly equal to the previous session close, but all the rest was even fading into the close, which was red by nearly 18% today. An easy to play short.
MNLU
More reddening indeed happened in the junker. Gap down near the hod fell right from the start, closing down over 14% today.
MIPIQ
After a gap down open at the hod, this fell fairly evenly, continuing into the close with rally moves at various points only touching earlier session highs without surpassing them, en route to a south finish of nearly 34% today.
PSPW
Opening on a gap up hod, it dumped nicely early and often. Later it gradually recovered then faded in the afternoon into the close, which was red by over 39% today. An easy call and short, much like MCBF was.
Misses:
INVE
3 only held as long as early premarket. It opened on a gap down, then rose, but made it look like it might keep going, then dived falling red, which never got better. Gradual fade closed down over 7% today. I was wrong about the direction and timing. The choppy whipsaw move to begin with could have resulted in losses. I said to keep flat on sustained weak price action, but such a head fake can make that advice hard to follow.
CRWG
I could claim a push here as it closed positive by over 1% today, but I cannot because it started off nice enough and then went green to red, which could have stopped some longs out. It eventually recovered, hugging the flat line and even going green by the end of the day, but such choppy whipsaws can lose money.
Push:
None.
Totals:
Daily record: W-5 L-2-P-0
71%
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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