Blaine Tarr
05-13-2012, 03:00 PM
Reminder open Q&A seminar tonight 8PM Eastern. Join Us - First week Free! (http://onlinetradersforum.com/showthread.php?t=623969)
Well unless something crazy happens RARS is done. A key lesson to learn here is to just take the loss if the trade isn't working. Its better to lose 20% than 99% when it slowly goes to .001 over the next few months. Save money for the next play. Yes, I lost some on RARS too. Even after selling half for profit the first day. I left $2,000 profit on the table on ARNA Friday. We nailed the bounce idea over 6, but I moved my stop up to even and stopped out a few minutes later only to watch it go up .40 after that. Let's get this week started better! Here's the list:
IZEA - nice follow thru on Friday, now needs over .70.
ARNA - Probably gaps up a little bit. Watch for volume on dips or hod b/o's.
VPIG - This is most likely going to crash soon, so be very careful if you are long. 2.30 resistance now. If it doesn't get over that in the morning I might look to short it.
CMXI - might gap up a bit again. Same idea as ARNA, watch dips or hod b/o's on volume. If the volume isn't there on dips, it may be due for a bigger pullback. More in chat.
GWBU - Just an awesome mover. Inching up, and huge volume on Friday. Always good signs that this could keep going a few more days; if not turn into something bigger.
WEST - solid bounce on Friday, will be watching for follow thru to long it.
KERX - needs over 2.00. Big gap to fill. Might be worth swinging if it closes above 2 tomorrow. Not saying it will go back to 5.00 soon, but 2.50/3 is not out of the question as it tries to come off bottom.
XNPT - finally brokeout from watchlist idea earlier last week. Watching for follow thru.
BBW - Testing the 5.00 spot again, might get the breakout and push tomorrow.
MNTX - Watch the 10.00 spot for a 52 week high break out:
http://finviz.com/chart.ashx?t=MNTX&ta=1&ty=c&p=d&s=l
Others to watch: USPR VIIC RPRX YMI GV OREX GPRC JADE AXK LDK IBIO HEK FXEN EMMS XOMA FSII ORYN
Well unless something crazy happens RARS is done. A key lesson to learn here is to just take the loss if the trade isn't working. Its better to lose 20% than 99% when it slowly goes to .001 over the next few months. Save money for the next play. Yes, I lost some on RARS too. Even after selling half for profit the first day. I left $2,000 profit on the table on ARNA Friday. We nailed the bounce idea over 6, but I moved my stop up to even and stopped out a few minutes later only to watch it go up .40 after that. Let's get this week started better! Here's the list:
IZEA - nice follow thru on Friday, now needs over .70.
ARNA - Probably gaps up a little bit. Watch for volume on dips or hod b/o's.
VPIG - This is most likely going to crash soon, so be very careful if you are long. 2.30 resistance now. If it doesn't get over that in the morning I might look to short it.
CMXI - might gap up a bit again. Same idea as ARNA, watch dips or hod b/o's on volume. If the volume isn't there on dips, it may be due for a bigger pullback. More in chat.
GWBU - Just an awesome mover. Inching up, and huge volume on Friday. Always good signs that this could keep going a few more days; if not turn into something bigger.
WEST - solid bounce on Friday, will be watching for follow thru to long it.
KERX - needs over 2.00. Big gap to fill. Might be worth swinging if it closes above 2 tomorrow. Not saying it will go back to 5.00 soon, but 2.50/3 is not out of the question as it tries to come off bottom.
XNPT - finally brokeout from watchlist idea earlier last week. Watching for follow thru.
BBW - Testing the 5.00 spot again, might get the breakout and push tomorrow.
MNTX - Watch the 10.00 spot for a 52 week high break out:
http://finviz.com/chart.ashx?t=MNTX&ta=1&ty=c&p=d&s=l
Others to watch: USPR VIIC RPRX YMI GV OREX GPRC JADE AXK LDK IBIO HEK FXEN EMMS XOMA FSII ORYN