Tuesday, November 27, 2012

Trade review 11-27-12

I got some of them right on Tuesday...

Hits:

KGN

A gap up at the hod moved sideways initially, gradually reddening and triggering short near lunch. Downside accelerated into the close, which was south by at least around 2.5% today.

CBAK

Nice short win off a gap up from the hod close enough to 3. It was a clean entry under the flat line, and it kept a gentle fade up until the close, south by over 10% today.

Misses:

MDXG

A flat debut near the hod fell early, bottoming in an hour and a half after drawing shorts in, then slowly climbed and even greened. It closed about even or unchanged on the session for the loss.

Push:

NTE

A no push when this this flat debut fell from the hod out of the open. Bottoming in an hour, it closed off lows but still south buy over 5.5% today. 

STEC

A 1 cent gap up near the hod failed to trigger after initial sideways moves. It fell red soon after and slowly decayed, never recovering and closing down over 3% today. A no play push.

TE 

Looks like a win, but it's likely a push after commissions. A gap up not much above the lod advanced, eventually triggering. It moved mostly sideways thereafter, closing up over 0.5% today and just above entry.

CVA

A gap up not much above the lod advanced from the noise candle, preventing short fake outs. It kept climbing up slowly all session, en route to a green finish of close to 1.5% or so today. A no play push.

Totals:
Daily record: W-2-L-1-P-4
66%      

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