I have to travel this week, so I sold both of my positions, TWPG for a 5.9% gain and GMXR for a 2%er. good trading everyone gooch87 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1255750"></img>
Bought OMNI this morning on a Bruno R - and just got out by the skin of my teeth with a 2% loss. Both Zacks and Clearstation had earnings scheduled for the 9th. So I thought I had at least three days of trading before then. But earnings came out today, and it dropped like a stone. Thank goodness for the 2% first day rule. It retrospect (looking at the dryup of trade before the announcement) it appears other people knew earnings where going to be announced. But how? I could not even find an earnings announcement on their website. I am thinking now that I should not enter a stock that has earnings anytime in the next 5-8 days. Any helpful suggestions on knowing for sure when earnings are going to be released? Thanks!
Checking the company website never hurts. It's saved me quite a few times. That's my 2 cents. jakeytrader
I continue to hold all shares of RNOW. I anticipate a small pullback, but plan to ride out the traverse. When volume begins to increase its pace, I plan to add on shares. - Spydertrader
Although, I realize that you might like to let recently ranked stocks hang around for a bit, there is a software program called "automate" that I use to open wealth-lab and run du/rank scans automatically every night. It's very user friendly and the learning curve is very very short. You do not need any programming skills at all. I have used it for nightly rank/du scans to trade this method for the last year and for other things for about 6 years. For example, you can easily specify a time to for Automate to open wealth lab,wait for the wealth lab window to open then left click on the chart script run a scan copy the symbols and paste them somewhere else etc etc. basically anything that you do manually where the environment is static. It's the sort of thing, that in a Sunday afternoon you can automate the entire rank scan/du process and never have to mess with it again. (not to mention that between Excel VBA, and "automate" you can automate everything) Just a thought.
Price continues to improve in the RNOW trade - clearing the short term down channel (red lines). Next, Price needs to overcome the weekly pivot (thin pink lines) and the 20 SMA (thick blue line). The Stochastics (5,2,3) Indicator has also cleared the 50 line and the MACD Histogram finally turned green (See attached daily chart). - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1257146>