It looks like we’re set to test 2,153 in the Nasdaq once again today. Maybe the fourth time will be the charm…
Currently holding:
Long – CME, IIIN, PLAY, SYNA, VIP
Short – CELG
Looking for swing trade entries in:
Longs – ABX, ANF, MDG, OLN, URBN
Shorts – None
Potential day trades:
(From Briefing.com)
Gapping Down
AGEN -13.6% (UBS downgrade with a $5 tgt), SIPX -12% (CEO resigns), CHIC -10.2% (lowers guidance below consensus; BofA downgrade), FCEL -8.6% (started with a Sell at Smith Barney; tgt $7), VSTA -7.2% (reports Q3), DBRN -6.8% (announces $100 mln convertible notes offering), EGHT -3.6%, GORX -3% (director resigns), TASR -2.2%, AMD -1.7% (two downgrades).
Gapping Up
ABIX +55% (announces results from testing of the RapidCool product line), GDT +8.5% (JNJ in talks to buy GDT – NY Times), ESLR +25% (unveils thin wafer technology), RCKY +19% (to acquire EJ Footwear Group), RCO +23% (momentum from 192% move yesterday), CIPH +20% (mentioned in a WSJ article), HUGO +9.4% (confirms major coal system in southern Mongolia), CMTL +8.7% (beats by $0.14), LVLT +8.6% (inks deal with Comcast), IIJI +6.3%, BIOM +5.6% (extends recent momentum), NVDA +5.5% (inks joint GPU development for Sony), CEGE +5.5% (reports encouraging clinical data), IDBE +4.9% (extends recent momentum), CRDN +4.4% (to join the S&P SmallCap 600), CMGI +4.4% (reported Q1 intraday yesterday), SIRI +4.1% (announces Toyota deal), ADSX +4.1%, ISON +3.7% (meets with investors), XMSR +3.4% (Toyota deal), SRVY +3.3% (prices 6 mln share secondary at $18.16), RHAT +3%, UTIW +2.9% (beats by $0.06), CL +1.5% (announces restructuring details, layoffs)…. Under $3: VSNT +61% (signs multi-year contract with PeopleSoft), GNVC +12% (receives National Eye Institute grant), MAXM +5.8% (bounces from 18% drop yesterday), GNTA +2.4% (ASH oresentations affirm importance of Genasense target in CLL).
Hello Mike,
Thank you very much for your blog, it’s very inspirational and full of information, I am one of your daily readers for sure! You are helping me to fulfill one of my begist dreams, trading. I like your trading style very much.
I was seeking some info about your system of managing winning trades, to let your profits run.
Could it be described in the short paragraph, please? Or are they more intuitive rules you are using and you have no exact trading rules writen on the paper?
Are you using any technical areas for your trailing stops or do you use exact price advances, for example to raise your stop by the stop loss price everytime it trades two times this amount..
Or previous days low?
It would be very helpfull for me, if you don’t mind to share your experience.
PS.I am not the kind of trader seeking for some systems and trying to follow them blindly. I know what my weaknesses and strength are.
Thanks a lot and have a profitable day!
Neon,
Thanks, I’m glad you like the site. I wrote a little bit about how I manage my stops back on June 24th. It’s really more of an art than a science. One of these days I’m going to start using one or more of the following stop methods: Parabolic SAR, Yo Yo Exits or Chandelier exits.
Thank you very much Michael, you are a great person.