Thursday, October 22, 2015

10/22_CANF, CHLN, WTW, ERII























-tons of recent resistances on daily chart and shitty news released out created opportunities
-great premarket short on lower highs and assuming downtrending continued but definitely get out before market open!!!
-should have reshorted but hard because of small account.
-all day fader should have kept me holding























-illiquid and afraid to short even though $5.69 seemed pretty toppy
-after confirmation should initiate short again in low $5.
-just very illiquid and low float(2ish m) and worried a big buyer could squeeze the hell out of me
-remember it's okay to short as long as with SET RISK!!!






















-Oprah-pumped-up stock and finally the momentum shifted yesterday after morning para.
-the best time to short was yesterday.
-the plan for today was reshort into pops/strength in the morning and anticipated all day fade
-same thing again and again!(quoted from greg: pro-pumper started the move, amateur shorts got squeezed, amateur longs chased it, FINALLY pro shorts profited)

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