Friday, February 25, 2011
Trading Results for 2/25/2011
DPTR didn't develop a good entry setup today for us for the first 30 min of trading, so I didn't trade it. It was too bearish and if you look at 3-min chart, none of the bars closed above 10MA on a 3-min chart. So, I disregarded the 'buy' signal from yesterday. But those brave souls who actually did buy DPTR and stay with it whole day till 3-30pm, were able to gain healthy ~15% profit from short squeeze during the last 30 min of trading. Congratulations to bulls, but I am not disappointed at all for missing this bus :-) It's not my strategy and there is always something in the market that goes up or down - you can't pick them all.
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DPTR
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