In this morning’s AM Meeting I discussed a possible short setup in BRCM. I was very skeptical of the gap above $40 as this stock was trading at $30 a couple of months ago and only traded higher when they said they were hiring an investment bank to look at selling off some assets. In my view this was a … Read More
A Small Rip Can Lead To A Big Chop?
I foolishly decided that buying NTRS on a pullback to 48.50 this morning was a great risk/reward trade. NTRS had broken its recent downtrend yesterday and closed at the high of the day on good relative volume. In my many years of trading this has proven to be a high percentage play. BUT during the past three weeks I have … Read More