Quote from TradeByTheWater:
AIG - nice scalp. I absolutely hate this stock but it paid me today...
I've only sim traded AIG and that was only once, but I made $3000 in a very brief period of time on a breakout. I've seen it break out of narrow-range consolidation every now and then and decided today to place it on my watch. It appears to be an ATM machine on any break out of narrow range consolidation.
I've watched NFLX and GMCR forever and a day and noticed they have decent breakouts to the upside after hitting major highs (short interest at work), but then they also have very fine counter-trend moves after a strong move to a new high. I played NFLX that way today. Funny, I saw it gapped up in pre-market after a nearly 5-pt run up yesterday to 52-week highs and I thought to myself, "Damn fine long play off the open, the shorts are gonna get killed", but I had not the balls to do it!