Today was a bad call from yesterday’s game plan. Again, nothing I called for happened. I said low volume, it was extreme volume. I said it would close up, it closed extremely down. Ouch!
|Got stopped out
Continue reading “Closed $REED”
Today was a bad call from yesterday’s game plan. I thought it would, at least, open higher, but instead it opened flat and just stayed in a tight range all day.
Continue reading “Long $REED Day 7”
Today was a good call from yesterday’s game plan. I didn’t really call for much, but I did expect a bad open due to yesterday’s close, and that is what happened. It was at it’s low of the day in the first 30 minutes of trading. I also said I thought there was wholesale participation in the $2.30 range two weeks ago due to the enormous volume and that they would participate again at those levels. While today was more active than yesterday, I don’t think it was wholesale participation.
Continue reading “Long $REED Day 6”
In my call for today, I said volume would increase and we would get back to $2.55. Nope, nada, none. Nothing I predicted was correct. Never the less, I still have my long position with a stop set at $2.20.
Continue reading “Long REED Day 5”
I was right about the volume increasing, but dead wrong about the price following it. Today did some damage as it closed down over 7%. It was just an ugly day, but on the weekly it hasn’t broken support and I have to believe there was wholesale buying in this area two weeks ago with all that volume. So much so, that I actually added to my position on the dip.
Continue reading “Long REED Day 4”
Today did exactly what I said it would do. Very little volume, no change in price on a closing basis from the day before and it did make an intraday higher high.
Continue reading “Long REED Day 3”
|Nothing has changed this week on the scorecard. Next week should see some changes.
Today was a low volume day, which as noted wasn’t a surprise. It still hasn’t gotten over $2.60, but closed well with a nice big hammer.
Continue reading “Long REED Day 2”