Sunday, March 25, 2007

Plays for Mar. 26

Only one on tap and it's a shorty.

Short JDO 2.39 it shot up 50% and I couldn't find any news responsible for it.

Watchlist:
SPC had a huge reversal Friday off the low of the day, printed a bullish long legged doji
BRCM double bottom AND blow off bottom, last two candles formed a bullish harami pattern


I've entered a Trade Trigger to sell short 4000 JDO when it trade at or below 2.35
Stop loss implemented with a Trigger to buy to cover when it trades at or above 2.40
Entered Trade Trigger to buy 4000 JDO when it trades at or above 2.41
Stop with Trigger to sell when it trades at or below 2.37

Entered a Trigger to buy 1000 SPC when it trades at or above 5.55
Stop with a Trigger to sell when it trades at or below 5.45

Entered a Trigger to buy 200 BRCM when it trades at or above 32.36
Stop with a Trigger to sell when it trades at or below 31.99


Friday's short on BQI never materialize since it gapped up at open and ran straight up another 10%. That gave me an idea to use another Trade Trigger at the same time set to go long in case the trend is so strong that the reversal does not occur. That's what I'm doing with JDO.
I also used Trade Trigger to automatically implement stop loss orders on all of today's plays. I'm praying I entered everything correctly and that Ameritrade's software will handle it all correctly, especially the JDO trade.

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