expected that we would get a rally and we did. The markets took off right from the open:
Still my first trade was on the short side:
NDRM, was gapping up on some questionable news. What I found interesting however, was that there was no volume -- it was gapping 20% on <2K shares trading... I started hitting the bit. I was able to get filled at several points with a high of $13.30
Entries $13.02, $13.30, 12.75
Targeting the gap fill. Stop b/e.
PTBI, My end of day buy, did not work as well on D3 as it did on the previous two days. I took small gain here
Entries 7.35, 7.42
Exit. 7.47
GURE:
Stopped out. This was a case of size kills. Because I put on the additional size on yesterday, I had to decrease my stop.
Filled at 2.44
CYNI, Entry 4.62 -- Exit 4.64
This was exactly the chart pattern I look for. (fishhook is circled) .. but I learned after I got excited and took the trade that this was a buyout. Given that my reason for the trade was gone, I had no edge so I closed this.
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