I got some plays right on Friday...
Hits:
ALZM
Gap up open at the hod fell red at once, which yielded a short entry. It traded mostly sideways much of the way into the close, which was negative by nearly 7% on Friday.
UTOG
Gap up open near the lod inched up all day evenly for an easy long. It closed on the hod up 20% on Friday.
LOGL
Great morning panic dump to short into about 10 minutes in after a gap up open. This peaked within an hour, and bounced. It finished well off of the lows, but still negative by over 7% on Friday.
TNP
11 proved to be unassailable, and it was a clean fail yielding a short. The gap up fell red on the initial 5 minute candle, then moved sideways but still negative for over an hour. Then it accelerated down which soon traded sideways most of the way, closing on a higher note but still down over 1% on Friday.
JVA
An easy win for Bulls on day 2 as this gap up open fairly near the lod and kept rolling up most of the way, closing strong almost 30% on Friday.
Misses:
CTIC
This closed essentially unchanged. It opened on a big gap up, so many probably kept flat altogether. It first advanced, then fell hard steadily, going red, which might have been shorted. But then it gradually recovered and stayed modestly green for a few hours. Some shorts could have exited for a loss. It fell back under in the afternoon, but not convincingly. EOD exits might have lost money if they had entered on the trigger earlier.
Push:
MNTX
Gap down open did not really green for the long. It went 1 cent over the flat line on one 5 minute candle and was otherwise red all day. It picked up speed down hill late but closed perking up, but still negative by over 3% on Friday. I said to keep flat on such price action.
My unofficial pick, JAMN was interesting. It opened on a gap up, overtook 1.30 and kept going, as predicted, for a nice long. It gradually rose all day, closing green by 12% on Friday.
Totals:
Daily record: W-5 L-1-P-1
83%
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Hits:
ALZM
Gap up open at the hod fell red at once, which yielded a short entry. It traded mostly sideways much of the way into the close, which was negative by nearly 7% on Friday.
UTOG
Gap up open near the lod inched up all day evenly for an easy long. It closed on the hod up 20% on Friday.
LOGL
Great morning panic dump to short into about 10 minutes in after a gap up open. This peaked within an hour, and bounced. It finished well off of the lows, but still negative by over 7% on Friday.
TNP
11 proved to be unassailable, and it was a clean fail yielding a short. The gap up fell red on the initial 5 minute candle, then moved sideways but still negative for over an hour. Then it accelerated down which soon traded sideways most of the way, closing on a higher note but still down over 1% on Friday.
JVA
An easy win for Bulls on day 2 as this gap up open fairly near the lod and kept rolling up most of the way, closing strong almost 30% on Friday.
Misses:
CTIC
This closed essentially unchanged. It opened on a big gap up, so many probably kept flat altogether. It first advanced, then fell hard steadily, going red, which might have been shorted. But then it gradually recovered and stayed modestly green for a few hours. Some shorts could have exited for a loss. It fell back under in the afternoon, but not convincingly. EOD exits might have lost money if they had entered on the trigger earlier.
Push:
MNTX
Gap down open did not really green for the long. It went 1 cent over the flat line on one 5 minute candle and was otherwise red all day. It picked up speed down hill late but closed perking up, but still negative by over 3% on Friday. I said to keep flat on such price action.
My unofficial pick, JAMN was interesting. It opened on a gap up, overtook 1.30 and kept going, as predicted, for a nice long. It gradually rose all day, closing green by 12% on Friday.
Totals:
Daily record: W-5 L-1-P-1
83%
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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