On March 26th we announced our picks for this mornings session. This watch-list was calculated based on the closing prices on March 26, 2012. Below are the individual stocks we announced on Monday. This list was compiled by using the closing prices from NASDAQ and the NYSE percentage up and percentage down securities. We then used a MetaStock filter overlay of volume, share price and percentage increase on average daily volume over a 24 hour period.
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ARNA (L) - Reacted far better than projected. (At the time if this post, I am out of the position at $3.35 but ARNA is testing new highs at $3.47. Going to wait for new support set-up line to form.)
GRVY (S) - Reacted as planned.
SIGA (L) - Did not reacted as planned. Exited with .19 gain then went short
VRNM (L) - Still long. Moving slower than planned.
UPDATE: March 27, 2012 10:am
Here is our trade blotter for March 27, 2012 for the first 30 minutes of trading.
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Here is our mid-day trade blotter for March 27, 2012.
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| Click Image To Enlarge GRVY Chart Update |
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Pantheon Traders incorporates a short-term trading strategy we coined the “Controlled Bounce”. This strategy is implemented by executing trades in stocks that have seen a market anomaly in their share price. We have found that historically a 25-30% next day reversal is more often than not the norm on a stock that has been the recipient of either a positive or negative percentage change of more than 11% intra-day. In order for this reversal to be confirmed to trade, the individual issue’s volume must exceed 2(x) average trading volume prior to the market close with a stochastic crossover above 20.00. For this trade, we implemented a leverage ratio of 4:1.This is not an offer to buy or sell securities. This information is used to track the performance of our own portfolio ONLY and is not to be construed as investment advice. Trading involves a high degree of risk and should not be attempted by people that are risk adverse. Don't invest what you can't afford to lose.
