I scanned pre-market, found about 6 names that I liked, one of them MCOX. Right @ the open, MCOX met the criteria of what I was looking for. Folds over its avg daily volume, massive selloff and 50% haircut below IPO price.
Here is what you are looking at if you made the trade.
2000 shares in @ $7.75 avg : cost $15,500
2000 shares out @ $8.75 avg : $2,000 profit.
Duration : 1.5 hours
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TNA
Same idea as yesterday, Futures down, S&P opens weak, long the weakness @ $57.00 out @ $57.65 pop
400 shares : $260 profit
Duration : 15 minutes
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These trades were called live, all one had to do was get their platform ready, finger on the trigger, 1/3/5 min charts up and ask Qs if anything.
Learn the ways folks...you are not going to be wealthy overnight (unless you were long BIDU calls for 2 days on GOOG leaving China), forget that pipe dream, if you attempt to do that, you will end up with less than you started with or even what you own all together.
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