Daytraders: Fading the Gap

[eliteG]

Michigan is a great school...it may be evil(I was a Buckeyes fan, grew up in Ohio ) but they have a great program.

If you need any help in Computer Science just ask.  I may have some of my old things    So what you looking to do with programming skills?  I always wanted to work for Blizzard or LucasArts, but decided on Electrical instead of Computer Science.

I did my best trading when I was working 2 other jobs.  Good for you man.

[eliteG]

wasn't paying close enough attention to post some picks..

[mix_master_mike]

AH! THE BUCKEYES! What a good rivalry

I much enjoy web programming - your PHPs, ASPs, JSs, etc... That's what I'm doing at my current summer job, and it's a good time.

Okay, okay... today... I haven't seen many high vol picks that are worth (able to) shorting. And the anti-fade I'm really not feeling today. And I missed the damn market open (ahh work!).

Right now I'm closely watching the action with MPET... might get in if the vol. is right and it doesn't break any trends.. I'll try to post a chart at the end of the day.

[mix_master_mike]

Ah! Entered into MPET @3.12 (short)

[mix_master_mike]

Okay that one clearly isn't working out... closing position. I'll review the others I was watching today AH and post some charts with anything tasty.

[mix_master_mike]

Alright, had a bit of a down day. One that I couldn't pay too close attention to at work was this; it formed a pretty chart:

[dugdogg]

Ah! Entered into MPET @3.12 (short)

mike,
  can you clue me in to how you shorted a stock under $5? i didnt know you could do that with any retail accounts. thanks

[Adam]

EliteG are you a fellow buckeye?  Class of 93 for me.  Teddy Ginn looks good this year.  Go bucks!!

[mix_master_mike]

Shorting can only be done on margin, and margin requirements vary by stock. They are usually based off of volitility, as far as I understand. There are many sub $5 stocks that ETrade will let you short.

[eliteG]

EliteG are you a fellow buckeye? Class of 93 for me. Teddy Ginn looks good this year. Go bucks!!

nope but I went to Toledo.  Yea cant wait for football season to start.  The best sports game I have ever watched may be the Ohio State vs Miami College Championship match.  That was incredible!  Triple overtime.

[mix_master_mike]

Yes, that game was sweet... but you want to talk triple-OTs? How about that UM v MSU at the big house this last year? Classssssic...

[eliteG]

shoot I wasnt playing close attention to that last year, sounds good... but it didn't have Willis Mcgahee's knee inverting after a tough tackle    I have that vid on my pc....nasty but classic.

[eliteG]

good gap fade setting up

[eliteG]

triggered 

[eliteG]

magnifico