As I posted yesterday, I am not going to trade for rest of this week. So why am I creating this post? Because I want to tell you how the stocks I was watching did today.
1. DAL
Well, DAL didn’t gap in the morning but it had a very strong volume and it was moving up for the first 15 mins. I think I wouldn’t have shorted it after seeing the behavior it displayed in those 15 mins. Anyway, it closed at 7.50. It is very interesting that DAL was GREEN on the day when market was tanking and DAL announced loss in their 3rd quarter. I think I will keep watching it as it could tank big time in coming days.
DAL October 15th Aftermath
2. HOTT.
Well, gap downed in morning and slowly but steadily kept moving down. Perfect short opportunity as I discussed yesterday. Heading to 5$. I think it will keeping moving down tomorrow and test the support at 5$.
3. ACUS
Wow, it continued its yesterday’s movement and kept moving up gaining 10% of the day. Interesting thing is that FDA review is in December and stock is moving right now. Again, this could form a great short setup in coming days. Will be watching it closely.
ACUS October 15th Aftermath
I think I am getting hang of what to read in a chart. Let’s see how well I do with this knowledge on Monday.
Till then, Happy Trading!
RJ.
1 response so far ↓
1 matty84 // Oct 16, 2008 at 10:50 pm
ACUS looks like an awesome find…I can’t short it on TOS, but mention it to Muddy.
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