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.

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