I witnessed the panic and bounce on GOFF, but I didn’t pull the trigger on the “double bottom” that I have noticed has been happening lately. I even thought to myself, “Now is a good entry” but I hesitated and then decided to just observe on this one.  I am happy that I was in the right place at the right time, I just need more work on executing quickly. This one will go toward growing my knowledge account instead of my trading account, and I’m fine with that.

I took an entry on FBCD at .0309 on the pull back from the HOD/52-week high of .0319. This was a Supernova Alert from Sykes, but I didn’t just buy in blindly. The daily chart looks really good for a possible continuation with this one at all time highs.  I noticed that there should be some support around the .028 area, so that is where I have my risk set. I obviously still rushed this entry as if I would have just waited 5 minutes or so I could have got in around .0295 much closer to my risk. I have a strict policy against adding to losers, so I didn’t add there I just held. My risk never got hit, but I am down about 4.5% on my position. This one has so much Twitter chatter that its hard to keep up, and as soon as close hit the bid and ask jumped over .03. There is rumor of possible news this weekend as well, I’m not sure but there doesn’t seem to be too much downsize from my entry so I’ll just see what happens Monday morning and stick to my .028 stop.

Possible Morning Panics

MSRT didn’t have a true panic and was basically unchanged up near its highs. The $Volume was pretty low as well. I’ll keep this one on watch for the eventual panic.

MJWL no true panic on this one yet either. I’ll keep it on watch.

APTY is going straight up on the daily chart. I’ll continue to watch for the inevitable panic.

GOFF is still up a ton and had a FRD even though the daily candle shows green. I’ll watch this one for a secondary panic.

WKSP closed near its highs so there might be another leg up coming. I’ll keep it on watch for a possible panic.

DPLS is back on watch for me as it has had 4 green days on increasing volume on this new runup. This is a former Supernova that offered some great trading opportunities back in January/February. I’ll watch this one for a possible panic.