brings to mind one of the daytrading articles I posted a link to recently, stated that since the trader knew that COH does the leather interior for expensive cars, when the car company that is a customer of COH announced an earnings warnings, he knew to short COH toute suite.
good one for me, thanks, it is now on my active watch list, was just musing the other day that I need to add a semi to my stable of trading stocks, agree about an entry at 24 but 25 is also possible. This could be good one to do together, reading the tape, watching for best entry together?
wa on my watchlist, but missed this wed a.m.(among others!#@**##!)...could be interesting? "don't squeeze the ChaRMin"? Hope i didn't date myself with that one!.....http://finance.yahoo.com/q?s=CRM&d=t
best on the list after a very quick glance seems to be twtr, crm, and bro, because of their liquidity and charts and daily OBV.
Though I can recognize short squeezes and have taken small chunk size moves from them, I do not play them as bread and butter plays, so I am not experienced so buyer be very aware.
In fact, all gimmack kind of trade triggers (not based on pure tape reading, but on a perceived edge, like blow-out earnings, upcoming split, possible buyout, January effect, holiday momo crowd choice, and potential short squeeze plays) are all much riskier than my bread and butter plays (high liquid Nasdaq stocks priced above 20, using intraday patterns, moving averages, and volume to determine entry and exit for relatively small moves).