Wednesday, May 13, 2009

Tuesday's review

DISH - We were interested in 17$ breakout. We saw nice braekout to 16.5$.
NCS - we broke strong range @6$. I entered the breakout and still holding short.
FITB - today, even on weak market at the morning we had false breakout @8$. I guess my estimation of growth was wrong. As I wrote "This stock had speculative growth after publicing stress test results". Yes, i still holding this short, even after false breakout but now i think this company is not weaker then financials overall.
BAC and AXP - was my financials to long. "Bank of America Corp. shares rose in premarket trading Tuesday on reports the bank has raised $7.3 billion by selling part of its stake in China Construction Bank to Asian investors." But on weak market open we broke lvls for which i looked as potentional buy. We didnt saw real s/p on it at weak market open. Its nice :-) .
COF - we were interested on breakout @26$. We saw beautifull move after breakout to 24. At 20-00 when market reverse COF removed from 24$. We began to find new entry point for short for 2-3 days. We saw how COF had problems to move higher at 24.6 area but wasnt enough disciplined to wait for a base/sidemove and to see market confirmation @TraderFeed indicators.
CIEN
- shorted @9.94 and still hold it. This stock was weaker then market today coz analyst rating's downgrade.
F - Ford announced about offering own stocks. It opened with a large gap down and found some support @5.5. I saw this but wasnt enough quick to enter this. On time when i looked to how market weak are - F already broke 5.5$ lvl.
INTC - we expect weak technologies in near future. So every day we have some technology companies on list to short. Today INTC didnt broke 15$ in which we were interested but this stock is still on our list.

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