Review of 7th May

Closed BAc with profit 1990$. after big gap up on the open (BAC was raised due to Tim Geitner words about stress test resulst, analyst upgrades) , market and bac traded on resistance, dont having power to breakout higher.BAC was traded at 15$ region and began to go down. Think many speculators began fixed position after big gain overnight. Closed @14.68. Stress test results will be present after market close. Market filling positive on it, so will try to reenter in bac @14-13.5$.

BAC reentered @14.55 . Bullshit. Was stopeed 13.94. 610$ lose

TRK - was on list to short. Shorted @19.59.

CSCO - opened @20$ after good earnings. But then breakout range @19. Entered @18.94

BAC reentered @13.8 . SL@13.62 . 180$ lose

Closed TRK @19.37 - 220$profit. Too long sideway. Price formed base.

Shorted ELN @ 6.98 . SL@7.07 Moved up from 6.6 to 7 on 10x increasing volume.

Stopped with ELN @ 7.07. 90$ loss

MDT shorted @13.74. Found this stock during the market. Saw that there is no events for it today. It grew from
32.25$ to 33.89$. Then we had a pretty nice sideway move with big angle downturn. Closed 33.59 . MDT 150$ profit

CSCO closed @18.70. CSCO 240$ profit

Closed CSCO and MDT because of their sidemove versus falling market.

Again had problems with borrowing stocks in thinkorswim. LOst 3 good deals oportunities.

BAC... lost a lot on it during tradeday .. Needed just to wait for filling gap.
13.04, sl12.89 loss 150$

Overall per day - profit 1580$.

HOlding BAC overnight. Entered price 13.23. Now profit on it 1600$

More picks on 7th May

You can see pennystocks list for short below and other picks are here
PZZA - after earnings report before the market open on wednesday, pzza opened with a gap and now we can see a range between 29.25 and support 28. So if market will go down and we will see breakout pzza @28 - short. Potentional - filling the gap. 26.5-27.
IGT - nice trendive stock which hold levels good. Now trading on strong resistance @16. Looking for breakout.
SPSS - gap up and sideway moving after earnings report. Short @ breakout 33.5 .
CTB - yesterday we saw increased volume on this stock and breakout @10 level and holding this level for all day. Idea is to buy nearly support @10. How as I know logic of instutional investors, this stock can be interesting for them now.
BAC
- holding long from yesterday.
TRK - yesterday we saw growth from 15 dollars to 20$. Sidemove yesterday afternoon. Looking for breakout @19.50$
VIGN - pattern like on PZZA. Looking for breakout @12$.