Recap for Wednesday the 17th of September
Posted Wednesday, September 17th, 2008 11:37 PM in DailyRead, Recap by IL-Editor
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All I traded today was GS you cannot ask for a better trading stock than that. Although CEG was a big missed with the bounce from $17 back up GS was much easier to trade based on market activity.

CEG  from scan last gave a great shorting opportunity out of the open from $39 down to $16 before bouncing back over $10 dollars

AIG as expected, throw a dart, some intra day moves nothing really substantial or predictable

GS although being $138 after hours/pre market this caused even more panic today breaking through $100 offered MULTIPLE trading opportunities. Today’s trades were bounces from $102 to $107 back under $100 once it based road it from $101 to $111 and about $105.50 to $108. Had I been more active intra day there were many opportunities but I simply waited for the best opportunities and for support/resistance to prove itself and as we’ve said all along, that puts the odds in your court

EPIO dropped but it gapped down, I’d prefer a squeeze to short on - off my radar

PPHM still on reversal watch for the $.35 break, not interested if it doesn’t break

VLNC testing $3 this may turn into a gradual mover (potential Friday short)





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