{"id":7737,"date":"2010-10-18T18:41:43","date_gmt":"2010-10-18T22:41:43","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=7737"},"modified":"2010-10-18T18:41:43","modified_gmt":"2010-10-18T22:41:43","slug":"a-missed-opportunity","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-missed-opportunity","title":{"rendered":"A Missed Opportunity"},"content":{"rendered":"<p>A quick note on an error I made this morning in our AM Meeting. \u00a0We begin the meeting with an overview of the market and then discuss stocks with fresh news. \u00a0During earnings season there are a ton of stocks with fresh news so I try to limit it to five names. \u00a0Stock number six on my list was MMR. \u00a0It was gapping down in the pre-market below 18 Where it broke out from a couple of weeks ago. \u00a0One of my favorite setups is seeing how a stock will react when it gaps above or below a key breakout price.<\/p>\n<p>After the market opened MMR traded up to 18 three times. \u00a0After 18 failed to lift on the third occasion large selling came in and drove it down almost two points. \u00a0Remember this setup as we move forward during earnings season. \u00a0If you spot a stock gapping away from a recent breakout price make sure you set alerts if it returns to that price. \u00a0It is a high probability trade with an excellent risk\/reward ratio.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/mmr-10-day.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-7740\" title=\"mmr 10 day\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/mmr-10-day-300x219.png\" alt=\"\" width=\"300\" height=\"219\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/mmr-10-day-300x219.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/mmr-10-day.png 520w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/mmr-intraday.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-7741\" title=\"mmr intraday\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/mmr-intraday-300x219.png\" alt=\"\" width=\"300\" height=\"219\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/mmr-intraday-300x219.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/mmr-intraday.png 520w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A quick note on an error I made this morning in our AM Meeting. \u00a0We begin the meeting with an overview of the market and then discuss stocks with fresh news. \u00a0During earnings season there are a ton of stocks with fresh news so I try to limit it to five names. \u00a0Stock number six on my list was MMR. &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/a-missed-opportunity\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1,8],"tags":[1409],"class_list":["post-7737","post","type-post","status-publish","format-standard","hentry","category-fundamental-plays","category-general-comments-2","category-steven_spencer_steves_blogs","tag-pp","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Missed Opportunity | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/a-missed-opportunity\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Missed Opportunity | SMB Training\" \/>\n<meta property=\"og:description\" content=\"A quick note on an error I made this morning in our AM Meeting. \u00a0We begin the meeting with an overview of the market and then discuss stocks with fresh news. \u00a0During earnings season there are a ton of stocks with fresh news so I try to limit it to five names. \u00a0Stock number six on my list was MMR. ... 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