SMB am meeting not much use, biotec making runs and takeovers but again scrappy trading
Weekly goals
Trade pullback on stocks that have gaped up on news, products or events
All entries at limit with well defined levels, Open prices, new highs, volume and support on short or long term charts
No entries on stocks that break pre-market levels
Scale out of positions
Hard stops on all positions
Close all positions at end of day
Daily trades
TEVA
ATR 1.3
Short Interest 0.79
Rel Volume 1.9
Volume 4.5 mil
Reason to trade - In acquisition drive and just purchased another company Auspex
Entered on sideways on 5' chart with limit order
Held to last 5 minutes of the day and closed out with stock not moving
Good trade, got in on limit at support and very small loss.- $1.50
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