Diary of A Day Trader© May 6, 2011 : "Playing the Dead Cat Bounce: The Long and Short Of It"
Seeking Alpha Analyst Since 2011
It's been a dream of a trading day, with irrational exuberance adding to overnight gains, while the market pullback created great short opportunities.
My twitter stock-pick guru recommended betting against SIFY on the $6 break. I shorted that guy at $6.06 and covered at $5.68. I love when that happens.
UBRG, my new favorite girlfirend, set new 52s today before pulling back a bit. Volume on this one is strong. I'm still long 100,000 shares from the low .07s.
Also trying my hand at DUNR and FONR, a pair of former momentum movers getting some love today. FONR reports earnings next week.
Good luck and good trading!
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