Fantastic Swing.
First sale =1.10
2nd 2.20
This was thin but worth taking the position as it broke range. Big Reward.
IRTC:
Stopped out:
I took the "Reclaim the Fame" breakout despite low volume ad there was no follow through. I didn't mind the shallow pull back but today my stop got hit and I got crushed on slippage, causing an extra .68 of loss. Fortunately position size was small but that much slippage is not fun.
New Trades:
ACBFF:
Slingshot w/ range breakout
AAOI: week 1 breakout
Fish hook after pull back.
Took a starter position as this is not the ideal setup-- but it is the setup that works to get in the MOST POWERFUL stocks. If AAOI behaves as such this will double.
Weekly
DAILY:
PME:
Short
Setup-- Bridesmaid
The bride is the initial Day 1 move
. The bridesmaid is the what's left over after the party... and this one is especially ugly.
I have researched this stock in depth in the past: http://sostrading.blogspot.com/2014/06/pme-cutting-bait.html
The financials have deteriorated significantly and the company filed a 100Mill Shelf in December.
No comments:
Post a Comment