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System Trading with Woodshedder

Intraday Setup: IFN: Smells Like Cheap Incense

IFN

I brought this setup to light earlier this week. It is now coming to fruition.

[[IFN]] broke through the 50 day average and is looking at a long way down from here.

8 Responses to “Intraday Setup: IFN: Smells Like Cheap Incense”

  1. ducati998 Says:

    Wood,

    Isn’t that a coiling cobra set-up flagged by the Scarlet Poltroon?

    Looks like it’s gone pete tong & tom-tit all at once.

    jog

  2. Danny Says:

    been trying to short this since yester, no fucking shares. WHAT THE FUCK.

    tried to short netflix after apple, no shares.

    does schwab have short shares of anything? Oh deck.

    and I jumped on EWZ today in the am, pick up a few points on that.

    good call shed, tamer of the buffalo.

  3. Woodshedder Says:

    Grant, I believe Mdawsz did mention one of these India plays.

    WTF does pete tong and tom-tit mean in slang? Sure sounds funny. I’ll make sure to let Rag know the correct usage.

    Danny- Fuck Schwab. My IFN order filled instantly. Have you tried calling them? I had to call the brokerage to get shares of XLB.

    However, this is all getting too easy. Money is pouring in. Something soon will change all that, I’m sure.

  4. JakeGint Says:

    Sweet calls, Wood.

    You are the unheralded King of the iBC. Wish I’d hopped that IFN with you.

    Ah well, there’s always tomorrow.

    I actually covered some of my EWZ today near the close, sub $70.

    I think we’ve got to get some kind of bounce here soon.

    PS — CETV is my next “deer in the headlights.”

  5. Juice Says:

    Wood: How about analyzing the VIX VXO QQV tonight, and what their breakouts mean, if anything?

    and btw, the put/call was up there

    dare I say , we are getting close to a countertrend spike that may scare the bejesus out of newly minted baby bears?

    whatever a beJesus be.

    I dared say it.

  6. Woodshedder Says:

    Jake, IFN had completely shit the shower, then 5 minutes before the close, 40K shares pushed it up over 2 bucks. A hell of a tape paint.

    Juice, I put one up about the VIX. Hey, you aren’t Frosty, are you? That baby bear talk has me suspicious.

    Anyway, yes. A countertrend spike. I’m almost praying to Shorticus that my head doesn’t get ripped off in the pre-market tomorrow. As long as the spike begins during regular hours, I’ll be okay.

  7. Juice Says:

    no, not Frosty.

    and thx re VIX

    I think its possible Uncle Ben plays dirrty & cuts before the market opens. Fucker. More bang for the buc that way.

    Get your sleep. Come in with a game plan just in case he tries shock’n awe tactics.

    3 day weekend coming up. Not sure how that factors in to fed moves.

  8. JakeGint Says:

    If Ben cuts before the market opens the rally will last ten minutes instead of thirty.

    Please cut Ben, I need more entries.

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