Sunday, February 03, 2013

Trade review 2-1-13

I got some plays right on Friday...

Hits:

KERX

A gap down not far from the hod fell on the noise candle, rose a tad but failed to fill, then it fell steadily under the open for the entry. Bottoming near lunch, it moved sideways the remainder, closing down over 21.5% on Friday.

WUHN

A gap down debut rose on the noise candle, failing to fill. Then it fell steadily early for an entry. Bottoming by lunch, it began to rise, but still likely ended a bit under entrance short. Closed down almost 6.5% on Friday.

ABIO

A gap up from the hod fell from the noise candle and beyond for the fade entry. By lunch it moved essentially sideways, ending red by nearly 24.5% on Friday.

BIOF

At least a nominal win for longs likely when a gap fell from the noise candle and a bit beyond, but settled in moving sideways soon after. It greened over an hour in for an entry, peaking near lunch and steadily decaying from there to end up almost 1.5% on Friday. A push seems in order.

Misses:

HHS

Opening on a gap down, this rose and greened after the noise candle, triggering early. But it soon fell back to the flat line. It began to trade under in the afternoon, closing south by over 3% on Friday.

Push:

JDSU

This looks like a win but with commissions it's likely a push or a small victory. A flat debut rose on the noise candle and a bit after, triggering a long once it beat the initial high. It fell back to near the flat line and held it. Then it rose again and moved mostly sideways the remainder, closing up almost 2% on Friday.

CZZ

A likely no play push without a 19.75 fail, though some early shorts would have won peanuts with a fade after this gap up began to trade under the open. Sideways moves mostly, ending up over 0.50% on Friday.

Off record play AAMRQ fell steadily from a gap up, closing down over 2% Friday. No long beckoned.

Totals:
Daily record: W-4-L-1-P-2
80%

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