MHGC is highest % gainer on Friday EOD with 44%, while GSV gained 25%. New trader here growing a small account; I'm planning on 3 intra-day trades per week, to stay within PTD guidelines. I'm looking for feedback on my 2 planned plays on Monday. Any thoughts are much appreciated:
MHGC spiked early and had a strong finish on Friday with it's biggest day gain in the past 100 days. The only news I found is it's announcement of earnings on Monday, end of day. Is this normal activity prior to an earnings announcement? I anticipate a morning spike and plan to dip buy mid day and exit by end of day.
GSV is interesting as it broke 52-week high on the day, and the next inter day resistance level would be in Sep 2012. The catalyst is its acquisition of 10mi+ shares of another company. It's last breakout of this magnitude was in Aug - Sep 2012 and occurred over several days. Basic Materials sector leads other sectors in the 13-wk %chg. Planning to buy on Monday and hold for at least one day if it breaks beyond Friday's high of 1.50.
Your thoughts are welcome. Thanks.
I think this is two good potentiel buy for monday ! I have not really look at it but MHGC had spiked on news. Check at this.
http://seekingalpha.com/news/3180744-morgans-hotel-group-higher-buyout-reportedly-works
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