Wednesday, February 08, 2012

Trade review 2-8-12

I got some picks right on this day...

Hits:

ECRY

A 1 cent gap up fell from the hod, yielding a short after the noise candle and below the flat line. By afternoon it moved sideways, closing south by over 9% today.

DEAC

A flat debut began to tank after the noise candle for the entry short. It closed red by over 11.5% today.

VVTV

This opened flat and rose out of the gate, soon triggering for the long. It closed north by almost 9.5% today.

Misses:

FCPG

A gap down fell under the open after the noise candle, drawing some shorts in. But it rallied later in the day and eventually closed down close to 4.5% today but likely above the entry point, due to the gapper.

LODE

A fake out loss when a gap down filled and greened by late morning. It began to decay in the afternoon, eventually closing down a bit over 0.50% today. After commissions or even without that was a loser.

Push:

CDCAQ

A clear gap up advanced early, not permitting a short. It soon peaked and decayed steadily, but it only fell under the open near the close, so it was a no-play. Closed positive by over 4.5% today via the gapper despite closing 2 cents under the debut.

THLD

A gap up rose out of the gate, denying shorts an entry. It soon peaked, reversed, and closed the gap but the flat line fully held and perked. It kept modestly positive from near lunch on, closing up by nearly 6.5% today.

AFFY kept going on low volume from near the lod, it was my off record pick, closing up over 3% today.

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

60%

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