Tuesday, May 3, 2011

right trades:

MCP - heavy vol. from open -- ran multi-points... easy trade

INCY - heavy vol on ER.  Ran hard for 1.50 after consolidation.

USO - 3 bump weakness... finally tanked...   SCO ran 1.30

First two - heavily shorted names, highly extended charts.... show strength early on (gap up opens)

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