Marketgeometry

Monday, May 18, 2009

Monday Big Mouth Stocks 5/18/2009


I was really lucky not to press my luck with the big mouth stocks today. If I was too aggressive too fast, I could have lost a lot of money on them. Instead, falling back to plan b, I could have made a lot of money but failed at that.
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Details on the chart, but I was patience with ORLY and missed the entry, very lucky with BUCY but missed the long setup and was very aggressive with CIEN and happy I lost a small amount.
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Remember - I try shorting big mouth stocks around 8 am EST, near the open, or right after the open. If a big mouth stock is rallying after 9:50 or 10 am, and takes out it HOD, it becomes a long instead of a short play.


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