American Realty Capital Properties, Inc. (ARCP)
Plan was either Weak Open, Higher Low, Red to Green, Break $10 or Spike through $10, come back under, hold Green, higher low, back over $10.
Well, it gapped up over $10. So that took it out of the Watchlist altogether as it wasn't fitting either of my plans.
Clean Energy Fuels Corp. (CLNE)
Plan was Weak Open, Higher Low, $6 Break + R/G.
Well, it had a weak open alright.. Washed down under $5.60 before bouncing. I wanted to buy this one at $5.65, but I hesitated after seeing a news article with the headline "Oil Prices falling due to Oversupply Concerns". Like I said in the Watchlist, I'm Not a personal fan of Oil Stocks since they're tied to commodity prices which could go either which way if something happened. I watched it though, and I would have gotten out at $5.71. So, an Outstanding 6c profit per share. If it had bounced though, it could have made it back to the $5.90's, and maybe even over $6 which could keep it going up to the $6.20's. In which case, I'd have had a cool 50c profit or with my little account size, a $400 gain wouldn't have been impossible.
Applied Optoelectronics, Inc. (AAOI)
The Plan was Weak Open and Higher Low or an ABCD.
Didn't get a weak open and can't really call it an ABCD pattern.. Looking at the chart now, Buying it at 11AM would have been perfect. Once it got over $13, next resistance would be $13.50 and then $14. It would have been great.. I would have likely sold either for $13 at 12PM or for $13.10 when the spike stopped just after 12PM.. whether I'd have sold all or half is questionable, but 30c isn't a desperate trade when you're risking up to 15c. The opportunity for me to make $160 (after commissions) was there.
Sky-mobi Limited (MOBI)
The Plan here was Weak Open, R/G + $4.50 Break.
Opened above $4.50 and held it. So, Didn't it follow the plan = No trade.
Vimicro International Corp. (VIMC)
The plan was Looking for a setup around $9.75 Breakout level to get long and anticipate $10 Break.
It just kept going up so cleanly in the morning, I couldn't buy into that. Then when it got up to the $10 area, the spread was around 7c or 8c... That doesn't make the stock illiquid, but it was the difference between good risk reward and bad risk reward.
VirnetX Holding Corp (VHC)
The plan was Weak Open + R/G.
I wasn't comfortable with the chart yesterday and it doesn't seem I was wrong. Came down in the morning to $7.40 but didn't setup anything until the afternoon. It consolidated for 2 hours between 12:45PM and 2:15PM.. Before Perking up and out of the channel..
The only opportunity was between 2PM and 2:15PM, if you bought you may have gotten scared out a little at around 3PM but, if you held on there was another 10c upside. If bought at 2PM, you probably would have x shares at $7.47.. Risk would have been to the LOD which could be the bottom of the wick ($7.31) or the close of the lowest candle ($7.37)... So, 10-15c downside and 20c upside... I wouldn't be getting into this one as the risk reward just isn't there. You must always know what your Risk Reward.
Uni-Pixel, Inc. (UNXL)
The plan was Weak Open, Higher Low, R/G, $7 Break.
Gapped up and just came right back down and under the g/r line. Only possible buy was Best case 30c upside from $6.60 break, worst case you lose 15c.. Bad risk reward = No Trade
Intersect ENT, Inc. (XENT)
The plan was Weak Open, Wash down to $25 ideally, Higher Low.
I think I might be psychic, lol. Never got my higher low though.. And never really provided an opportunity. So, No trade.
Boot Barn Holdings, Inc. (BOOT)
The plan was Weak Open, Get Over $25, Hold it, Continue towards $26.
Never really did anything exciting.. And wasn't going to trade it anyway with the financials and all so, No Trade.
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