Portfolio of the Week

[spikefader]

Mon intraday movers

[spikefader]

limit to cover DPH at 0.30

[jiesen]

limit to cover DPH at 0.30

very nice pick there, spike. why not just cover now and get this contest over with? anyway, I'm going to have to adjust my order if I'm to have a shot here. Change my limit price from 0.45 to 0.55 sell for GFCI.

[Lyehopper]

ENER sell @ market

[spikefader]

limit to cover DPH at 0.37

[spikefader]

limit sell DAL 0.67

[spikefader]

ENER sell @ market

You are now in cash.

[Lyehopper]

Ok here we go...

Short SPIR @ market

[jiesen]

limit to cover DPH at 0.37

I believe your .37 cover just filled. WTG Spike, I think you have this in the bag now.

[Lyehopper]

Unreal!

I believe your .37 cover just filled. WTG Spike, I think you have this in the bag now.

You've been toying with us Spike. You're probably a 9-ball hustler too.lol

[spikefader]

heh thnx guys.
I'm still waiting for DAL fill, so I'll put a limit order to sell DPH at 0.38 too; descending triangle play.

[spikefader]

OK, DPH filled first. Let's see what it's got left on the downside

[Lyehopper]

Post us a chart Spike.

heh thnx guys.
I'm still waiting for DAL fill, so I'll put a limit order to sell DPH at 0.38 too; descending triangle play.

I'd like to study what you saw there Spike.

[Lyehopper]

Nice...

GM short


billyjoe

Great Play BillyJoe!

[spikefader]

I'd like to study what you saw there Spike.

Sure.
For the 2nd entry I was watching the triangle descend and the formation was too tempting to pass up. Plus the action I saw in L2 and time & sales looked promising; lots of selling. After hours it's been down to 0.33 and up to 0.40, so it's showing some nutso action, but I am expecting a gap down for it because the gap down projection I have for it is 0.13!
second setup:


And for the first setup, that gap projection (2xgap space) was the reason I was bearish on it in the first place - it was below all long-term support and just in aweful trouble technically. Then the 1st descending triangle presented itself so I took it at the resistance line. Only suffered a penny red and it moved for me; got lucky is all.

first setup: