Two longs and three shorts.
Long IMH 4.39
Long IOC 24.60
Short CBAK 4.42
Short VRNM 5.97
Short XNL 1.83
Recap:
IOC -5.5%
WHI -3.6%
AVNR +0.4%
UVE +1.7%
Chasing momo:
PWE in 33.75 out 33.50
NDN in 13.66 out 13.47 way too late on entry
TTI in 27.90 out 28.24 good entry but the move was sold back down
Thursday, June 28, 2007
Wednesday, June 27, 2007
Plays for June 28
Four longs for tomorrow.
IOC 26.02
WHI 2.78
AVNR 2.41
UVE 5.90
Recap:
ADLS -3.3%
Chasing momo:
DIVX in 14.82 out 14.60 was a head fake move
GRA in 25.16 out 24.59 caught in another head fake
IOC 26.02
WHI 2.78
AVNR 2.41
UVE 5.90
Recap:
ADLS -3.3%
Chasing momo:
DIVX in 14.82 out 14.60 was a head fake move
GRA in 25.16 out 24.59 caught in another head fake
Tuesday, June 26, 2007
Plays for June 26
Two longs and one short.
Long QTWW 1.56
Long MCZ 1.35
Short SMSI 15.41 up two days on two analyst upgrades
Long QTWW 1.56
Long MCZ 1.35
Short SMSI 15.41 up two days on two analyst upgrades
Sunday, June 24, 2007
Plays for June 25
One long
NRGN 6.98 down 18% last three sessions no news
Recap:
JAGH -3.9%
CNTF -4.2% short
NRGN 6.98 down 18% last three sessions no news
Recap:
JAGH -3.9%
CNTF -4.2% short
Thursday, June 21, 2007
Saturday, June 16, 2007
No plays for June 18
The bounce filters produces no plays for Monday or yesterday.
Recap Thursday:
USU +3.6%
SCEY +9.1%
GNST -1.6% short
The CAL short got an endorsement from a writer at thestreet.com with a nicely annotated chart illustrating the technial breakdown http://tinyurl.com/2lmvmg
Any intraday bounces are being sold down providing good entry points which is how I entered this trade. I've got a stop at 35.07 a tick above last Tuesday's high.
I'm going to do some camping at Bass Lake next week, next post will be Thursday night.
Recap Thursday:
USU +3.6%
SCEY +9.1%
GNST -1.6% short
The CAL short got an endorsement from a writer at thestreet.com with a nicely annotated chart illustrating the technial breakdown http://tinyurl.com/2lmvmg
Any intraday bounces are being sold down providing good entry points which is how I entered this trade. I've got a stop at 35.07 a tick above last Tuesday's high.
I'm going to do some camping at Bass Lake next week, next post will be Thursday night.
Thursday, June 14, 2007
Plays for June 14
Two long and one short.
Long USU 18.21
Long SCEY 2.52 otcbb
Short GNBT 1.92
Took a short position in CAL at 34 from a call by Bolling on Fast Money that it has broken down through support of 35 and cost of jet fuel continues to rise, target 30.
Long USU 18.21
Long SCEY 2.52 otcbb
Short GNBT 1.92
Took a short position in CAL at 34 from a call by Bolling on Fast Money that it has broken down through support of 35 and cost of jet fuel continues to rise, target 30.
Wednesday, June 6, 2007
No plays for June 7
No bounce plays from the filter for tomorrow.
Recap:
ANSW +0.6%
TELK +2.3%
IDMI -8.3% this short was certainly playable
Chasing momo:
PPS in 53.05 out out 54.50 used trailing stop 2.5%
WAT in 61.06 still holding with a stop 60.72, big volume today, may continue
DCGN in 3.91 out 3.90 didn't run, got out break even was a good thing
TASR in 10.64 out 10.63 didn't continue, bailed break even
Recap:
ANSW +0.6%
TELK +2.3%
IDMI -8.3% this short was certainly playable
Chasing momo:
PPS in 53.05 out out 54.50 used trailing stop 2.5%
WAT in 61.06 still holding with a stop 60.72, big volume today, may continue
DCGN in 3.91 out 3.90 didn't run, got out break even was a good thing
TASR in 10.64 out 10.63 didn't continue, bailed break even
Plays for June 6
Two longs and one short.
Long ANSW 14.10
Long TELK 3.42
Short IDMI 4.84
Recap chasing momo:
ENN in 20.77 out 20.59 didn't run after the pop
Long ANSW 14.10
Long TELK 3.42
Short IDMI 4.84
Recap chasing momo:
ENN in 20.77 out 20.59 didn't run after the pop
Monday, June 4, 2007
Plays for June 5
One long and two shorts for tomorrow.
Long PPHM 1.09
Short IDMI 4.44
Short CTDC 3.53
Recap chasing momo:
MAR in 48.04 out out 48.11 waited for the second run to get in, maybe that was a mistake hard to say as the first run was not followed by more volume but price crept up, bailed out as it reversed.
FMD in 41.25 out 40.25 entered at the top, way late, slow to bail, just awful
IDSA in 17.89 out 17.82 didn't run, break even stop trigger was 17.89 got a lousy fill
Saw a bunch of poppers but I was out of sync all day.
Long PPHM 1.09
Short IDMI 4.44
Short CTDC 3.53
Recap chasing momo:
MAR in 48.04 out out 48.11 waited for the second run to get in, maybe that was a mistake hard to say as the first run was not followed by more volume but price crept up, bailed out as it reversed.
FMD in 41.25 out 40.25 entered at the top, way late, slow to bail, just awful
IDSA in 17.89 out 17.82 didn't run, break even stop trigger was 17.89 got a lousy fill
Saw a bunch of poppers but I was out of sync all day.
Sunday, June 3, 2007
No plays for June 4
The filter produced no long or short plays.
Friday's bounce play was MCZ and it went up 14.5% too bad I didn't play it.
SCOX was the other long and it went down 3.4%
Chasing momo:
LFG in 98.01 out 104.39 hesitated entry when no news could be found, exit with trailing stop worked well
CTDC in 3.08 out 2.94 first pullback was hard and nasty and bailed at the very bottom as my stinkin luck would have it
SLFI in 10.42 out 10.21 entered at the very high of the day, cut losses pretty quick
IDMI in 3.80 out 3.78 entered late in the run, not a good entry at all, cut losses quick was my saving grace
NOVC in 13.78 out 13.55 bailed at the very bottom of pullback, aarggghh
entered again as it was breaking high of the day at 14.14 but it tanked from there and bailed at 13.54, gave back a sizeable chunck today
PARD in 8.79 out 8.54 waited too long to bail as I saw no volume after the initial spike which had me thinking the run is not going to continue but failed to eject immediately
GROW in 22.45 out 23.86 entry was a tad late, exit was legit with trailing stop
The first and the last trade of the day was good but the six in between really sucked
ESRG dump 500 at 0.80 pigs get slaughter and I was a greedy little pig
Net for the week was 1430 which is a step in the right direction but Friday's six losers need to be remedied. The big problem is still not cutting losses quick enough.
Friday's bounce play was MCZ and it went up 14.5% too bad I didn't play it.
SCOX was the other long and it went down 3.4%
Chasing momo:
LFG in 98.01 out 104.39 hesitated entry when no news could be found, exit with trailing stop worked well
CTDC in 3.08 out 2.94 first pullback was hard and nasty and bailed at the very bottom as my stinkin luck would have it
SLFI in 10.42 out 10.21 entered at the very high of the day, cut losses pretty quick
IDMI in 3.80 out 3.78 entered late in the run, not a good entry at all, cut losses quick was my saving grace
NOVC in 13.78 out 13.55 bailed at the very bottom of pullback, aarggghh
entered again as it was breaking high of the day at 14.14 but it tanked from there and bailed at 13.54, gave back a sizeable chunck today
PARD in 8.79 out 8.54 waited too long to bail as I saw no volume after the initial spike which had me thinking the run is not going to continue but failed to eject immediately
GROW in 22.45 out 23.86 entry was a tad late, exit was legit with trailing stop
The first and the last trade of the day was good but the six in between really sucked
ESRG dump 500 at 0.80 pigs get slaughter and I was a greedy little pig
Net for the week was 1430 which is a step in the right direction but Friday's six losers need to be remedied. The big problem is still not cutting losses quick enough.
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