Monday, May 21, 2007

Plays for May 22

No bounce plays for tomorrow.

Recap:
XFML never went green down another 13.7% , the bad new must be just awful

NPLA ended about even after going back and forth all day

Chasing momo:
LUNA in 5.49 out 5.71 entry was late, had to endure 15 minutes of gut wrenching hold and hope before it reversed and went on to new high of 5.91, 2% trailing would've been 5.79 but I was not quick enough and left 0.08 on the table. Overall not that happy with entry and exit was just so so.

DNDN 6.78 out 7.01 entry was almost perfect and exit on 2% trailing. Happy with execution.

DVR in 15.45 out 15.28 entry at the very high of day, bailed to cut lose when it didn't perform. This one was wrong from the getgo, there was no volume spike with the price pop, should not have played it, lucky to get go out with just a scratch.

NVDA in 35.82 out 35.64 there was no follow through after the pop on stock buyback news. Exit was executed properly when play did not materialize.

DRCO in 13.70 out 14.44 very good entry and 2% trailing stop was better than expected. Very happy with execution.

Three wins and two small losses resulted a pretty good day. I scaled back on position size, stayed away from distractions, slowed down and recheck order enteries, stayed pretty calm on the whole except for a few moments of stay and pray with LUNA. I will exorcise the demons and get my mojo back.

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