Hi all!
Nice day for me ... just two trades. Small loss from $1.29 -> $1.25 on NETE and big win on VBLT from $7.23 -> $7.77. Still holding NPTN short from $7.21 and looking for spots to add. I have $5-5.50 target in the next few weeks, but will add up to $8+ if needed. Not much to say about today except it was a bit bloody in the general markets (SPY, IWM, QQQ, DIA etc) so I will be watching for bounces soon. I think we have the potential to pull back more still so right now just playing it day by day. I have a few ideas for tomorrow:
MOH - I'll be watching this for a bounce back toward $65.20 - 65.50 to enter a short with risk vs. $66. I can see this drop to $63-62 relatively quickly though it does have that last daily high in the $64.30 area...this is why I want a decent bounce in it to short vs shorting right out of the gate. I expect it will have some trouble getting through $64.30 so I wanna be in high enough that if it stalls there and can't get through it will still be a nice gain.
TEAR - Thin name which I plan to short on a break through $2.50. If it pops and holds a bounce toward the upper resistance area at $2.58 then I will consider adding it for a fade at $2.58-2.55 depending on the time of day. What I DON'T want is to anticipate this breaking $2.50 by shorting it at $2.57 at 3pm, because most likely it will not work and I'll end up either taking a flat/small loss or holding it overnight. I think an ideal scenario is that it sits down right at $2.50 and shows a big bid so someone can smack it through and I can keep a stop right over $2.50. Target if it breaks will be $2.14 - $2.00.
CAM - The energy sector was the ONLY green sector today so I grabbed one stock from that area that looks nice. CAM should run over $45.24 with a target of $46 so I'll be watching for a pull toward $44.50 - $44.25 for a long entry. If it can dance around $44.50 and reclaim it that will be my trigger. If the stock simply maintains the 5 minute trend here and bounces off $44.80 in the morning then I will simply wait for a dip or coiling pattern under $45 and use $44.70 - $44.80 as a stop.
And a few others I'm watching passively:
- NPTN still holding my swing short from $7.21 and will add on pops
- QUNR still watching for parabolic short $40+ now
- RALY possible parabolic short maybe $16+
- SLTD possible parabolic short $4.50+
- REPH watching over $9.50 for red to green. VERY RISKY stock so keep size small. Ultimately this is a short but for now it's still a squeeze play w/ positive news
- FWM eyeing for a swing long if it can settle under $6 for a few days
- NETE watching for red to green through $1.29
- ZIOP was holding $11 nicely today. If we get a bounce in IBB some of these beaten down bios could follow.
- SEED up on news but there was a misprint in the article stating they rejected a bid for $60b (it was really $60m) so this move is overdone. Possible parabolic short $1.90-2 but be careful, many sheeple are playing :)
Hope y'all had a nice day!
Chris
Submitted March 25, 2015 at 08:58PM by greenbartrading http://ift.tt/1OzqQs4
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