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To: brokenst0nes who wrote (1099)9/4/2012 2:52:12 PM
From: The Ox  Respond to of 8239
 
Terrific reversal in WFR this afternoon....



To: brokenst0nes who wrote (1099)9/4/2012 2:59:08 PM
From: The Ox  Read Replies (1) | Respond to of 8239
 
I understand the dynamics. I believe many of the issues are a bit overstated but there certainly isn't any reason to go out and buy these companies en masse.

The trading in these guys offer plenty of short term opportunities. We saw one today in WFR. I am still guessing that by the end of today, GTAT will have had a tradable bounce, as it's already up about 10 cents off the intraday, double bottom low seen an hour ago. No need to stay too long but they are good for traders like me, imo. Keep a low profile and swim under the radar and make some money!!

JMO

TO

EDIT - I should add that the intraday move by GTAT is the type of move I look for. A retest of the day's low and then rebound. If it breaks below the previous low, get out or don't play it. If it holds that area and then bounces...its a great candidate for a trade.