Recap for Wednesday the 22nd of October
Posted Wednesday, October 22nd, 2008 7:14 PM in DailyRead, Recap by IL-Editor
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CNLG no luck testing .75 but it did sit right back to $.50, no real volume today not really interested

LXRX $1.50 has to hold could squeeze towards $2+

QELP still needs support test at $5 level - lack of volume today

SCON right back under the $1.50 range - hard to borrow today had to be quick to reserve

UAUA probably the best play all day shorting from $16 but unfortunately I screwed up the big profit but taking too many small scalps along the way and burning comissions left and right. It’s a hard trade because as oil drops its good for the airlines but at the same time the market should be pulling the stock down if it tanks 500 points, .. not in this case, they squeeze a lot of shorts and made it a very difficult intraday play, but a great swing trade on the short - at least there will be more opportunity tomorrow - but it did test the top range $16 and fell right back as I wanted to $14 I just couldn’t put and keep my money where my mouth was

USPR nothing to scream about after todays activity probably test $.75 again makes everyone bored of watching it and heads back south

EXXI weakness right out of the gate

GRH support right under $7 , keep an eye for it to consolidate and test $10

MICC had a huge intraday bounce

TEO great bounce from the low $4s headed right back up towards $5.25+

AAPL ended up under $100 as we saw at 7:30AM since I woke up incase there was an extreme gap - unfortunately could have slept an extra hour

DRYS provided some great bounces today but again too quick with the trigger finger and burning comissions I was long in the low 19s before taking a quarter gain late in the day - now it sites $1.00 higher





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