SMSC trade and watch list...

Took a full position in SMSC yesterday. Not good by the end of the day and I will be selling it this morning as my stop loss has been hit. Hopefully the stock will recover a bit before then, but it is over. You can see my notes. I am a little surprised by the stock, but it is the way it goes. The 2pm tanking of the markets certainly did not help.

Notes:

My watch list for the 24th is: LFG, SUPX, FEIC, WDR, CMVT, GAS, PGL, QLGC, S, and TYC (lots of bullish engulfings yesterday--my favorite chart pattern!)

For now,
Masterjaz out