YGE off the 50 SMA, very oversold after heavy sell-off on news yesterday:
We bought first time near 15/S1 bounce, were going to stop out at low of day, but were also watching out for a possible quick dip and over -- which happened on that second test and on which we added with a stop on the low of day, average 15.08. We were completely out of the position as the stock went to 15.5 -- not much but our initial risk was just over a dime.
TSL similar idea as we wrote yesterday we wanted to buy 49 reversal -- exactly what happened today:
We tried TSL near 49 bounce (9:46), got stopped out within a minute, and bought again on the next retest (9:50) -- stop was always around 10 cents. We took the last of the position off near 50 for over a point. All this was recorded live on our twitter account.
Also bought very small starter positions on JRCC CRK near the 20 SMA /50 SMA lines, respectively, but expecting some pain in these two and will not add until the 200 SMA.
Update: We changed our mind and sold the JRCC CRK flat. We'll come into market next week fresh and re-assess.
