Wednesday, February 20, 2013

Trade review 2-20-13

I got some picks right on this day...

Hits:

GNIN

A big win for shorts when a gap up advanced on the noise candle, then fell under the open and flat line for the entry. After the 1st hour it moved sideways and down, en route to a red end of almost 35% today.

CHMP

A gap up fell from the hod for a perfect short on a scalp spike down. Sideways moves followed beneath the flat line, and it ended south by over 14% today.

NTWK

A win for shorts when a gap down near the hod moved sideways a bit, then fell under the open for the entry. It fell much further, bottoming near lunch, rising a bit but ending red by over 6% today.

Misses:

BEBE

Looks like a winning long, but by the time one would have entered this on the stick just after the noise, the price was equal or a bit more than the ending one. It finished up over 0.50% today via a gap up. Commissions means this is a narrow loser, likely.

Push:

NVGN

This rose sharply on the noise candle, denying shorts a chance. Then it held the initial low and moved mostly sideways, en route to an up finish of almost 26% today.

BRKR

A gap down near the hod could never clear the flat line, and it gradually descended until close to lunch, denying longs a play. It moved up a bit gradually from there, never greening and closing red by over 2%.

RAD

A no play push lacking a trigger. A gap down fell from the noise candle, and a flat line challenge failed. Sideways moves dominated, and it never got over the buy point price. Red end by almost 2.5% today.

My off record pick HAUP won easily for shorts, opening on a gap down at the hod and failed to hold 1 dollar as per plan. A gradual decay ensued, ending south by over 10.5% today. Those who follow this blog from way back know I have literally never missed on a short call with this stock!

Totals:
Daily record: W-3-L-1-P-3
75% 

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