Fade Plays! Daily Specials for 9/12

Posted by: Katsuhiro, September 12, 2012 at 1:57 am Comments: 2

Woke up a little late this morning and it cost me big time! Couldn’t locate GMCR shares in time. Somehow I didn’t think about puts either.. Hopefully it will give us another play tomorrow.

2 fade plays and 2 longs and some other small trades today.

CLF wish stayed longer.. Tough to stay through choppy consol for a scalper like me.

NFLX shoud have locked in some on the 1st one. 2nd trade worked perfectly. Thanks to dough in chat for great alert!

LF was on my watch for bounce play. Small but got end of day little run.

UVXY mkt seem to going lower so I took a chance

I did too many b/e scalp today and cost me lots of commission. I will try to wait for big move on nice movers like CLF and GMCR

High ADRs Under $5: AMD AONE GRPN HOV MTG CTIC DRYS TC LSCC SVNT SSN EGHT STP APP HUSA HNSN YGE HDY CECO MOTR LEI APPY CDTI REDF SIFY DRRX PRAN ZZ NBY EXM MEA OTT ROYL LNET CTIX PPHM JAG CBK RDN

High ADRs $5~ 20: GPRE P NTE ANR SSH ANGI VELT ACHN CEL OSG BONT IMH TEA GBX MS CIG CRK

High ADRs over $20: QIHU BIDU CRUS PANL SKUL WPRT NOW DDD MLNX APOL PANW INTC UVXY FSLR CALL LNKD CLF WLT LRN

PAY URI KORS FRAN ZUMZ PPO

Pump&Dump Type/OTCs: SGGH LFVN ZERO FEED BIOL

Under $0.1: ACTC NANI

TOP WATCH: GMCR PPHM RDN SSH CLF NFLX

GMCR CLF pop and s/s watch. PPHM maybe slow fade from here but could bounce back to $4.50s

NFLX r/g watch if the mkt is strong. RDN $5+ then fade watch. UVXY long watch if SPY starts to fade. Can easily go to 40+.

Filed under Daily Specials, Today's Menu · Tagged with

About Katsuhiro

jakestradingideas

Why did you short CLF out of the open? Really interesting though that CLF was a perfect short at the top of the channel that you drew around 42.50

katsu127

hey Jake! I shorted because after popped at opening, it consolidated a couple of minutes in a small range. I thought it will break to lower. I should have looked bigger picture. Sometimes I am watching ”too closely”.