Thursday, May 11, 2017

5/11_SGMO, DRYS, TOPS, PED

 thought the market sentiment has shifted from short to long but nope..DRYS and TOPS kill the momo and nothing ramp today. Small cap world is quiet as hell. Will continue shorting pop tomorrow anticipating weakness resume.
















50million float so it shouldn't be treated as low floater. Glad I covered half into pullback but failed to go down and I saw the volume increasing so I covered the rest. Great escape! No wait around, no hesitation, just get out and move on to the next.
















Main gainer of the day. $1.50 peak out and unwinded. Day2 has lots of opportunities to make profit and much safer to size in with set risk. Really need to start focusing on Day2 starting today! Remember entry and patience is the key!!

















Took contrarian approach and longed DRYS. Bad trade!!! TOPS is dilution city!!! impressive!!! When you got fundamental and technical on the same side, you make $$$. These turds are good shorts when technical indicators comply.

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