Four longs for tomorrow.
IDMI 4.00
ENTG 10.37
DIO 1.18
NNPP 1.57 otcbb
Recap:
ADBL +2.6% , trade entered 9.04 exit 9.24 , made enough to cover the Tahoe trip.
EEE -0.7% no share available to short.
Tuesday, May 8, 2007
Monday, May 7, 2007
Plays for May 8
One long and one short on tap.
Long ADBL 9.01 sold off on earnings which didn't look that bad imho.
Short EEE 7.70 could find no news to account for the recent run up.
Entered Trade trigger to buy ADBL if and when it trades at or above 9.04 , stop trigger at 8.79
Entered Trigger to sell short EEE when it trades at or below 7.65, stop trigger to cover at 7.88
Today's recap:
CLRT +3%
Long ADBL 9.01 sold off on earnings which didn't look that bad imho.
Short EEE 7.70 could find no news to account for the recent run up.
Entered Trade trigger to buy ADBL if and when it trades at or above 9.04 , stop trigger at 8.79
Entered Trigger to sell short EEE when it trades at or below 7.65, stop trigger to cover at 7.88
Today's recap:
CLRT +3%
Saturday, May 5, 2007
Here's the stockfetcher.com code that I'm using for the bounce plays, originally created by stockmonster. At the core is the two consecutive days of big drop in price which sets up for a bounce. The validity of this pattern had been well documented by such respected sites as http://tradingmarkets.com/
The reverse for going short works equally well, just flip the appropriate lines of code around the other direction.
Two year back test periods going back five years produced 63% win percentage, 689% ROI, using no stops , one day holding period, buy at open and sell at close. Some may argue what may have worked great in the past doesn't mean it's going to contine to work in the future. There is no guarantee that anything is going to work tomorrow as well as it did yesterday. We can only answer definitively the question of whether it worked today and I'm documenting that on this blog.
Here's the goods:
show stocks where count(RSI(2) 2 day ago above 90,60) is above 0
and RSI(2) is below 20
and average volume(10) above 250000
and close one day ago more than 8% below close 2 day ago
and close more than 4% below close 1 day ago
and close above 0.99
and 60 day slope of close is above 0
and market is not otcbb
The reverse for going short works equally well, just flip the appropriate lines of code around the other direction.
Two year back test periods going back five years produced 63% win percentage, 689% ROI, using no stops , one day holding period, buy at open and sell at close. Some may argue what may have worked great in the past doesn't mean it's going to contine to work in the future. There is no guarantee that anything is going to work tomorrow as well as it did yesterday. We can only answer definitively the question of whether it worked today and I'm documenting that on this blog.
Here's the goods:
show stocks where count(RSI(2) 2 day ago above 90,60) is above 0
and RSI(2) is below 20
and average volume(10) above 250000
and close one day ago more than 8% below close 2 day ago
and close more than 4% below close 1 day ago
and close above 0.99
and 60 day slope of close is above 0
and market is not otcbb
Friday, May 4, 2007
Plays for May 7
One long and it's
CLRT 1.95 got hit by bad earnings.
Recap:
KDKD +13.7% whipsawed in the first half hours and would have got stopped out had I played this one, but went green the last hour.
NNRF +18.2% went green at 1 pm and never looked back.
ITLI -5.7% never saw green.
2 out of 3 for the bounce filter today.
MNST stopped out 47.14
MDII +10.6% on news release near end of the day and it just ramped. I'm going to put in a Trade trigger stop to protect profits since I'll be in Tahoe Monday and Tuesday.
I should do the same for all my current holdings.
Momo action:
Went for EVCC 2.14 again, computer froze right after entering and had to reboot which took a looooong time. By the time I go back on the thing had plunged but it slowly worked back up to the point where I was only down 200 at which point I should've put in a stop but didn't, f(rozed) up again, and it tanked from there and finished at 1.84. In hold and hope mode but better put in a stop to limit further damage.
CLRT 1.95 got hit by bad earnings.
Recap:
KDKD +13.7% whipsawed in the first half hours and would have got stopped out had I played this one, but went green the last hour.
NNRF +18.2% went green at 1 pm and never looked back.
ITLI -5.7% never saw green.
2 out of 3 for the bounce filter today.
MNST stopped out 47.14
MDII +10.6% on news release near end of the day and it just ramped. I'm going to put in a Trade trigger stop to protect profits since I'll be in Tahoe Monday and Tuesday.
I should do the same for all my current holdings.
Momo action:
Went for EVCC 2.14 again, computer froze right after entering and had to reboot which took a looooong time. By the time I go back on the thing had plunged but it slowly worked back up to the point where I was only down 200 at which point I should've put in a stop but didn't, f(rozed) up again, and it tanked from there and finished at 1.84. In hold and hope mode but better put in a stop to limit further damage.
Thursday, May 3, 2007
Plays for May 4
Four bounce plays on tap for tomorrow, all otcbb so Trade trigger are not available.
KDKN 2.77
NNRF 4.99
ITLI 1.59
RRPH 2.14
Today's recap:
ACUS +1.1% took the trade and covered commish was all I could muster.
ROCM +6.2% why didn' t I take this one is beyond me, looks just like yesterday's SYNL.
CPNLQ +7.7% got in 2.74 and out 3.12 too bad I had to leave to go do some rugsucking so had to cut it loose, actually got as high as 3.32 , left at least a dime on the table but can't complain too loudly.
RPTN -1.8% actually got as high as 1.72 before going red the last hour, didn't take it.
CYRX +3.2% whippsawed 4 - 5 times , good thing I didn't take it, would've been stopped out.
ACEN +14.7% gapped up open so wouldn't of been able to enter according to plan anyway.
That's 4 out of 5 winners for the bounce filter.
Today's Momo:
TYTS in 4.87 out 4.53 ouch. Couldn't cut it loose when it started tanking, I felt like a deer in the headlights. If I keep this up I'm dead meat. Ok, plan is to put in 3% stop using Trade trigger immediately after entering. I really need to get it in my numbskull that losing 3% is better than 10%. Repeat like a mantra, losing 3 is better than 10, over and over until it gets imbebded.
MNST jump 8.8% thanks to Cramer pumping the buyout story on TV, it'll prolly sell off tomorrow so I've entered a Trader trigger to sell if at or below 47.79
SPC popped 9.6% no news that I could find , I'm up 28%, too bad it's only a half position.
MDII up 6% put me in the green 2% from down 20% another back from the grave. Daily chart looks really good, strong uptrend, will ride it til stop out.
CHAP up 3.5% today getting me in the green.
CYPB I'm down 5% , resistance at 9.20, should prolly take the hit and move on if it goes down tomorrow.
KDKN 2.77
NNRF 4.99
ITLI 1.59
RRPH 2.14
Today's recap:
ACUS +1.1% took the trade and covered commish was all I could muster.
ROCM +6.2% why didn' t I take this one is beyond me, looks just like yesterday's SYNL.
CPNLQ +7.7% got in 2.74 and out 3.12 too bad I had to leave to go do some rugsucking so had to cut it loose, actually got as high as 3.32 , left at least a dime on the table but can't complain too loudly.
RPTN -1.8% actually got as high as 1.72 before going red the last hour, didn't take it.
CYRX +3.2% whippsawed 4 - 5 times , good thing I didn't take it, would've been stopped out.
ACEN +14.7% gapped up open so wouldn't of been able to enter according to plan anyway.
That's 4 out of 5 winners for the bounce filter.
Today's Momo:
TYTS in 4.87 out 4.53 ouch. Couldn't cut it loose when it started tanking, I felt like a deer in the headlights. If I keep this up I'm dead meat. Ok, plan is to put in 3% stop using Trade trigger immediately after entering. I really need to get it in my numbskull that losing 3% is better than 10%. Repeat like a mantra, losing 3 is better than 10, over and over until it gets imbebded.
MNST jump 8.8% thanks to Cramer pumping the buyout story on TV, it'll prolly sell off tomorrow so I've entered a Trader trigger to sell if at or below 47.79
SPC popped 9.6% no news that I could find , I'm up 28%, too bad it's only a half position.
MDII up 6% put me in the green 2% from down 20% another back from the grave. Daily chart looks really good, strong uptrend, will ride it til stop out.
CHAP up 3.5% today getting me in the green.
CYPB I'm down 5% , resistance at 9.20, should prolly take the hit and move on if it goes down tomorrow.
Wednesday, May 2, 2007
Plays for May 3
Six bounce plays on tap for tomorrow.
ACUS 2.70 bad results from a Phase 3 clinical trial.
ROCM 17.09 earnings turn profit, looks like sell on the news.
CPNLQ 2.86 otcbb profit taking after big run up.
RPTN 1.66 otcbb
CYRX 1.88 otcbb
ACEN 1.09 otcbb
Today's action:
SYNL +4.9% my trade was good for +1.76
BIF +4.8%
WFR +5.9% bounce play from yesterday, pays to follow these a few more days as some will fire.
Momo action:
EVCC in 2.05 out 2.18 was a continuation of yesterday's huge move, called out by Muddy.
TSYS in 4.25 out 4.60 net +0.35 nice one.
ANPI in 6.10 out 6.37 net +0.27.
TTMI in 12.04 out 12.03 got out near breakeven.
NHWK in 21.45 out 19.83 net -1.62 ouchy, it was a fake out move and I made every mistake possible, go in late, didn't put in a stop, must of been brain dead. Why can't I put those stops in on every trade? Maybe I need to go see a shrink or something.
Sold NXXI from Monday 2.03 lucky to have made some pocket change.
Did pretty good for the first full day of momo chasing with the exception of the one blunder. Need to be a little quicker on the trigger, hesitation need to be eliminated, and put in stops immediately or else I'm going to get hosed again.
ACUS 2.70 bad results from a Phase 3 clinical trial.
ROCM 17.09 earnings turn profit, looks like sell on the news.
CPNLQ 2.86 otcbb profit taking after big run up.
RPTN 1.66 otcbb
CYRX 1.88 otcbb
ACEN 1.09 otcbb
Today's action:
SYNL +4.9% my trade was good for +1.76
BIF +4.8%
WFR +5.9% bounce play from yesterday, pays to follow these a few more days as some will fire.
Momo action:
EVCC in 2.05 out 2.18 was a continuation of yesterday's huge move, called out by Muddy.
TSYS in 4.25 out 4.60 net +0.35 nice one.
ANPI in 6.10 out 6.37 net +0.27.
TTMI in 12.04 out 12.03 got out near breakeven.
NHWK in 21.45 out 19.83 net -1.62 ouchy, it was a fake out move and I made every mistake possible, go in late, didn't put in a stop, must of been brain dead. Why can't I put those stops in on every trade? Maybe I need to go see a shrink or something.
Sold NXXI from Monday 2.03 lucky to have made some pocket change.
Did pretty good for the first full day of momo chasing with the exception of the one blunder. Need to be a little quicker on the trigger, hesitation need to be eliminated, and put in stops immediately or else I'm going to get hosed again.
Tuesday, May 1, 2007
Plays for May 2
Two longs for tomorrow.
BIF 11.70 a closed ended fund, down on some kind of offering that I don't fully understand.
SYNL 35.65 down 16% last 3 days no news, profit taking most likely, good chance for bounce, strong fundamentals being a top IBD stock, in strong uptrend.
Trigger set to buy SYNL if and when it trades at or above 35.70. Stop Trigger at 34.49
Today:
WFR did not trigger a bounce.
Bought CYPB 9.64 from Market Monitor, got as high as 10.23, closed at 9.18. I need to set stops on these. Got in way too late. At breakout level on daily.
BIF 11.70 a closed ended fund, down on some kind of offering that I don't fully understand.
SYNL 35.65 down 16% last 3 days no news, profit taking most likely, good chance for bounce, strong fundamentals being a top IBD stock, in strong uptrend.
Trigger set to buy SYNL if and when it trades at or above 35.70. Stop Trigger at 34.49
Today:
WFR did not trigger a bounce.
Bought CYPB 9.64 from Market Monitor, got as high as 10.23, closed at 9.18. I need to set stops on these. Got in way too late. At breakout level on daily.
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