If you caught my short setup post from last week then you might be rolling in coin, but judging by the comments on that post, it seems many just chose to ignore the post, like I’m some internet junking who has all the time in the day just to post random shit.
I highlighted 3 picks that had a high probability of breaking down, all of which popped up on my mo-mo short screen in The PPT last week. I took 2 out of the three trades, both for big wins, but was it just the chart that was the final decision to take the trade?
Answer: No.
American Superconductor Corporation [[AMSC]] & STEC, Inc. [[STEC]] both had negative notes come out leading up to the initial breakdown. The negative notes, coupled with the almighty PPT, along with the beautiful looking charts, gave me the confidence to take the trades.
Here are my notes on STEC listed in the user note section inside The PPT (read from bottom to top)
STEC was MURK’d after the close and my puts will pay dividends.
Let’s move on to American Superconductor Corporation [[AMSC]] , another huge win, only one I took profits on a little too early. I will post the chart again today so you can witness the power of the bear flag:
Let’s review Henry’s epic win [[PEIX]] to drive home a point. It was not just the chart that gave him confidence to hold, it was the RBOB prices that had him convinced the stock would breakout.
So what am I really saying here? First, join The PPT. Second, Don’t just pay attention to the chart, pay attention to other factors that could be a catalyst to a breakout/breakdown.
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Here is an update on the brackets. It looks like Actionable is showing that he is a contender with his pick in [[NVLT]] .
Long live The PPT and the 3.00 top!
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