GMCR bounced hard and fast. Hopefully that one kicks out today (looking for 55.90)...
AMAT is getting close to its 12.50 target. We put this trade on Monday right at the lows, and I was pleased to see it hold up very well on Tuesday. I am NOT adjusting the target (because I am not doing that any longer) - the trade will come off at 12.50. Still, I want to share that I set that one too conservatively - it should have been 12.75. I had that one called right but wasn't aggressive enough. I said it wasn't a buy on their "great " report - it was actually a ST Sell that I missed. The reason I didn't want to chase it is that I know that there are a lot of trapped longs. Ultimately, it is going higher, with or without my respect (which the company lost when they bought VSEA). As an aside, I am patiently looking for the exit in CG/B - it is barely "conservative" and I goofed.
SCVL has acted well too since we put the ST Trade on Monday. Again, as I had said, the target MAY be too aggressive, but we'll see. The company reports two days after the trade expires.
CRK went against us initially, but it appears to be bouncing now. I would feel better about closing above the 10dma (15.77 or so). I may have set the target here a bit too high at 17 - that would be just below the highs of last week. We have a falling 150dma that could act as a ceiling (16.97 currently).
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