Back in mkt, sticking with what’s working! and Daily specials for 8/06
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So I’m back in mkt from almost 2week off. It was nice to just observe the mkt without any biases. It’s been really busy on my day job. Covering shifts, working extra hours..so after all it was a good timing.
This week I traded smaller share since I expected that I will be “trigger hungry” and I have to say that was a good decision. I started Tuesday with nice profit but I did bad on Wednesday and Thursday. I normally don’t react on initial move on news related stuff but on Wednesday I did on VHC, then Thursday on SRPT. both dropped sharply after I went long. I was disappointed in myself that I made same mistake 2days in a row.. another week I learned how important it is to stick to your nich and push hard when you see a good setup.
DLB s/s on e/r gap down
IPG s/s on para move. Didn’t take but another chance at 10.90 level break and wash.
ROSG lost some on previous day. Tried long on 5 mag play but no success.
ZAGG bounce play. Last sell area was nice s/s spot
High ADRs Under $5: KCG SQNM HERO ATPG JAG AVL MUX YGE LSCC EXM MSPD VISN XRA GTN ASTI HERO FSII ROSG MTG ATSG ZIP
High ADRs $5~ 20: IPG LSI EA HK DNR CIEN ROVI MTZ FWLT MCP SRZ OREX ARNA GTI CODE CHEF END WNC MX VELT ECYT TIVO PGNX HW MCP ZAGG OMPI ACTV FSLR HNT INCY WCG DOLE RES FIO SPRT
High ADRs over $20: YNDX GMCR LNKD DLB CAH EOG MELI CMG WPRT CRUS URI WNR MMR VMW VHC IPGP VPRT BSFT CIE
Pump&Dump Type/OTCs: EKDKQ MDMC EEDG MRNA SGDH
Under $0.1: BBDA LYJN
TOP WATCH: KCG GNK FWLT HW MCP ZAGG ACTG LNKD GMCR
KCG: probably another gap down since they offer huge discount offer of CB. Will be watching for pre mkt perk gear move.
GNK: continuation move for s/s play. Hopefully nice squeeze.
FWLT: r/g or gap up opening pop s/s watch. If consolidate, watch for bask to hod move.
HW: same as FWLT
MCP: pretty much all day loding. Glad I didn’t touch it for bounce play on Friday. Looking for wash and bounce or gap up and squeeze.
ZAGG: big red on friday but it can still sell off more i think. Opening drop will be nice for bounce play. Only if the volume id huge.
ACTG: Will be watching for long play. r/g, opening wash bounce, midday perk and gear..
LNKD: Volatility is back on this. Watch for opening move.
GMCR: r/g watch