NM didnt do much like I hoped it would - looks like it was a bit of a faker when it opened - its reforming now so Im watching. GIGM was a bit disappointing too.
Still holding from Nov month end - going to exit all 11/28 - WG - exit early/mid next week 11/29 - RF - exit early/mid next week 11/30 - MI - exit tomorrow?
Today some of my December pickups have started to perform finally - HEAT, DF.
Just dumped SNIC on tuesday so looking to redeploy that capital. Missed COMV - would have been nice. I couldnt pull the trigger on JADA or LIOX though they had a good bounce.
so I guess Im in 5 now.
Watch List -
CCTR - dont trust - still watching it.
MCOX - just an IPO baby and not much track record to guage the pinch potential - still an interesting play though. not good news coming out of the company though. might end up being one I pass on and wish I got in.
EGHT - looking good. might jump in tomorrow pening my buy indicators.
KR - looking good. might jump in tomorrow pening my buy indicators.
BIG - looks like its a "double" in that it is forming again
CWTR - last pinch didnt work. maybe this time??
TLB - look for entry early next week. still a couple days off.
and yes - I think youre correct on the market too- I dont know much about the flags and other formations - looking at my intra-day pinch scanner though, it looks like at least short term (this coming week) we should be up more than down- of course we all know news/economic reports can always broadside the market at any time - thats why I love pinchers though - built in downside protection by buying at such distressed prices :-)
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