CMTL nice NR7 failure, IIJI breakout....missed both ...happily occupied with DSTIW short...covered awhile ago
CMTL failure... the one nemesis of the NRx setups..... the outside day that opens within yesterday's range. Fortunately the outside day is not a frequent occurrence. However, if one is using yesterday's extremes as stoplosses then by definition the NRx trade will help to keep those losses small. Nice work backman, I hope you have a chance to post more.
fwiw ... TWTR is looking for and may already have a "White Knight". The way they are liquidating inventory at 40% off, at stores they plan to close in the next coming months, does not bode well for common shareholders. I have been tracking the stock as a favor for a handful of investors and have come to know several store managers. There are many rumors surrounding the stock like for example, microsoft adding tweeter assets, but i believe the majority are nonsense. It's a mid-to-high end retailer at best. nonetheless, the move from $2.27 to $3.96 was the result of the CEO publicly denouncing certain methods of valuation with respect to accounting for cash flow vs. inventory. It's a mess to say the least. I would welcome any thoughts from those i would like to hear from. Thank you. alex
i'm not trading today but i want to short XLE if i get the correct setup. tomorrow's #'s at 8:30 should be a great catalyst and wednesday as well. there are going to be many disappointed longs if XLE cannot break daily highs. if it does break highs the near term range will shift upward and leave this price action behind. expect anything, hope for nothing. be good. alex
Inandlong, double top on JCP? Just asking. I don't play the stock myself. And the stupid retailers, or whatever they are, too damn strong recently.