Saturday, February 5, 2011

Update on $SCON...

SCON which I was looking at on Friday, broke the level for short entry pre-market and was also halted pre-market. The stock ended closing down over 20% at the end of Friday's session making for an excellent short if you got shares to borrow.
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2 comments:

  1. AnonymousFebruary 5, 2011 at 10:33 PM

    In your blog do you have a post that discusses your version of the CAN SLIM criteria that you use.

    ReplyDelete
  2. patterndaytraderFebruary 6, 2011 at 12:15 PM

    Although my system shares many of the principles in CANSLIM. My trading process has evolved significantly compared to when I first started this blog. I have just added a video that summarizes my current process so may be you can check that out.

    ReplyDelete

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I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...