This was the same gap up momentum play that I have been trading. It was not moving as fast as I thought it should be so I got out. If I had held throughout the morning sure I could have made more but that would have been a lot more risky. I probably should have lost on this trade.
I got in this one a little late but it is the same set up that I have been trading for about a week now. Earnings winner that spiked at the open. This guy actually continued to spike through the morning. I sold when I did because I saw sideways price action and in my experience that can be a sign of the trend changing. I wanted 5% and got 3% but hey at least I didn't lose any.
This guy posted earnings yesterday after the bell and it had a nice 25% pre-market spike. Just like the last couple plays I have made I waited for it to hold and start to jump right after the bell. I saw it jump over $9 from the mid $8's and that was when I knew it was taking off. Almost as soon as my buy order was filled it jumped up to $11 and I could not sell fast enough. Another great earnings winner.
I knew I should not have placed this trade when I canceled my first order before it could be executed. It took to long to jump and I knew this was a sign it might not spike. I sold myself on this place before the bell and I tried to tell myself to wait and see what happens after the bell, but I didn't listen. It had a nice gap up during pre-market hours on good earnings news but you must wait for the price action. It is better to be late on these plays than early.
Same exact set up as the play I made yesterday. Earnings and sales beat estimates and it had a nice pre-market spike. I saw it hold at the open and jumped in and then right back out. took it about a minute and a half to jump almost 10%. I got out a little early but I still made over what I wanted. Another great day.
I saw that this stock reported the highest sales in a quarter EVER in company history along with strong growth expected in the coming years. It was very close to its 52 week high and I bought in on the thoughts that it would fly with strong earnings and breaking out past the previous high. It went past its 52 high just to dump into the $6.20's. I DO NOT UNDERSTAND WHAT WENT WRONG HERE?!?!?!
This one had me scared it was going to be a busted play for a couple days. I knew the long term support was at 2.30 and it touched it a couple time but never crossed it. I know this stock had some long term resistance around 2.51 to 2.53 so I jumped out this morning but I ended up jumping right back in once it hit 2.54. I plan on selling at $2.70 this thing will probably hit $2.80 by the end of next week.