This is a Recap for Hot Stock Scan for Friday the 19th of September found HERE.
Unfortunately WAL was not shortable due to the no short list of 799 financial firms
HSWI from scan Thursday night where we were looking for a gap and weakness panned out exactly as anticipated and was one of the best shorts all day falling 20% from the open
NCT our short watch as well did just that closing 20% down on hte day and that’s after a full dollar and a half recovery. Near 30-35% gains from open!
AIG turned out to have two great intraday reversals, I played it pre market looking for the $4 break and got it
SKF was a great trade to start the open out on the right foot. I road it from low 87’s to over 90 twice within two minutes
AAPL had a nice gap and was up nearly $10 before selling off throughout the day and providing many many trading opportunities
GS consolidated mid day and based around $127 before testing $128 where I anticipated a squeeze through $130
GE thanks to CNBC gave us one of the best no brainer shorts of the day. It was at its prior resistance near $29 before the entire financial collapse so first and foremost the risk was low. Second, it was based on a move on the request to be added to the short list, not a bad pump on the day 799 financial stocks can no longer be shorted. They very well may be added BUT not before it gave us a $2/short to the downside from $28.72
GE also gave an exit to the value trade and those who did it cashed in on the dividend as well!







