Covered PTEN a few days ago for 1.33pts on 1150 shares. Possible re-entry setup here in a few days... Got screwed on GENZ. I dont even really want to post it. Basically I was going to take $ off the table until price gaped up above my entry. Never had a chance.
Diamon Offshore (DO) 's monthly chart shows a head and shoulders pattern as clear as day (generally a bearish pattern), however at the same time we saw huge amount of volume at the 60 level. Even though I think we head lower in the next 3 to 5 months, the bull for a nice short term trade isnt dead just yet. I think we can see 70..75, possibly 80, then I'd be looking for shorts and playing off the weekly chart if the setup's there.