AMAZING DAY!! Gosh, crazy how strong this market is! 4/5 plays worked out! Again, i was in school and in the nurses office sleeping in fact so I really missed out today. But do I feel bad? no.
DRYS
Well, this one finally broke its pattern! Way to go! This had a history of trying to bounce back but not being able to on the second day, so that is where the odds were standing.... UNTIL IT BROKE ITS PATTERN! When it had the morning panic and held its own support level, that was the sign to buy. When it held that level, that was the chart telling you that yesterday was indeed what we would consider as the first green day because then the second day could have a solid run in which case, it did! congrats to all those who realized the pattern change. If you want more proof of why this was an absolute slam dunk of a play, look at the volume. 160 million shares traded today... with a float of 130k, that means each share available to the public was traded at least 100 times! Absolutely crazy.
PULM
This had a few plays on it today. All were dip buys and none of them but one was a huge percent gainer, but this is the rinse and repeat pattern that will grow an account. These blow off runners will crash, and when they do, they will act like a ball. This had a few bounces today, but ideally, there will be one big panic and one bigger bounce in one day. But there is money to be made on both set ups.
ESES
Sure enough, 2.10 was the double top, first red day, I would be in a short position right now if I could, but possible dip buys tomorrow. I would have loved to see this breakout, but the chart was too crappy, and who would focus on a trade like this when there was a play like DRYS today!
MYHI
Beautiful beautiful beautiful BEAUTIFUL panic today! It dropped really quickly and then stopped right in a congestion zone for a solid dip buying opportunity. Dip buying big crashes on supernovae = $$!
CALA
Crappiest play of the day. This didn't move barely at all and I just really don't like it. No volume came in today too. This was by far, the worst trade of the day
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