Stock Watch 4.8.11 ” Fugitive Trader”
I have to be last person on earth that just heard the ” Fugitive Mom” story. This lady escaped from prison in the 70’s and spent 34yrs on the run before they caught up with her and put her back in prison. Talk about patience the feds never give up. All looks good now as she is out of prison, wrote a book and she is now on Oprah (= about to get silly rich ). This story makes me want to trade Friday like a wild fugitive on the run from ignorance. That’s what I’m going to do, trade like a fugitive.
Longs IMGN SCON CNTY Shorts GLTC TIV SUPG
IMGN
Positive clinical data does this to biotechs. This thing blasted to the moon. There is a possibility for a day two run but I don’t think it will be 26%
SCON
Sketch SCON is back in the mix. I made some good money a few months back on a short. you can tell by the chart this thing is up and down. We’ll see if there is a $4 run. Also will eventually short this
CNTY
Nice parabolic bar , maybe it’s because of Julio Iglesias is doing a concert there. He carries some weight ,lol. Anyway looking for an early a.m. run and then maybe a short later on in the day
Shorts
GLTC
Setting up as one of my favorite short patterns. not sure it will be text book but ultimately I would like to short this. It all depends on how Friday morning goes
TIV
This is only a short on fades from .75c or a parabolic run to $1. If this opens up and runs through .75 it could be a long as well
SUPG
SUPG didn’t have a good day Thursday. I know this is down alot but I can easily see a morning panic dropping it even further. We’ve seen this before with LNG and others that keep shaking out the longs and making new lows.
