Market started out with a slight gain.
As it turns out I was not able to overcome the earlier losses this month. In a real way I do feel good about the month and how I was able to bring the account back up. The Quarter is ending nicely and I am happy about that.
I scalped AMLN at the open for a small amount. Was a fast trade that I entered into and immediately started to fall.
AMLN GU, + 365
Next trade of the day was with SYNA. I started tracking it when my warning signal came alive with it and at first it did not appear that it would be tradable as it quickly fell after giving the warning. A while later it started to make its move upward and both of my over bought signals alarmed.
SYNA B6, H, + 1751
WPI came on my radar and it was screeming up and moving fast. I didnââ¬â¢t know at the time what the news was but knew there was news on it. It appeared to be a take over stock the way it moved up so fast. I did find out while in the trade short that the price jump was due to chatter that the company received a good court ruling. I treated this news as good to be short and proceeded to short more shares. I scalped some shares to get my average price higher and to lower risk so my profit level was not as high as it could have been. All in all a good trade.
WPI H, B6, + 2662
NTES went into an overbought area for a swing trade today. I put out some offers for the APL 30 Calls
short NTES APL 30 Calls @ .30
NTES B6, H (unqual), + 570
STP DS, + 62
SYK DS, + 12
+ 5424 Day
- 3386 Month
+ 64737 Quarter
~ 65K shares